Denver, Colorado – Commercial Loans information for this evening is from the Mile High City of Denver. Commercial Loans on exquisitely designed High Rise Office Towers have been seen quite frequently in Washington D.C. and New York. Rarely do we get out to Denver, Colorado for Commercial Loans on High Rise Office Building developments.
This Denver Commercial Loan was secured by one of the most identifiable and impressive buildings in the West. This commercial loan collateral is known as 1999 Broadway. This commercial loan collateral has a very unique configuration which takes advantage of tremendous city views and mountain views. This Denver Office Building offers one of the most efficient floor plates for space planning, to benefit their net lease property Tenants.
This Commercial Loan was a type of Recapitalization Financing. The Commercial Mortgage Lenders secured funds in the amount of $70.0 million which is a first mortgage on the Denver Commercial Property. This Commercial Loan was used to refinance the Property Owners existing commercial loan and to continue stabilization of this Denver property.
The Commercial Loan collateral, 1999 Broadway is a tall skyscraper and was completed in 1985. This commercial loan collateral has 43 floors. The Denver Office Tower was designed by Curtis W. Fentress, Fentress Architects. This NNN Commercial Real Estate is the 5th tallest in Denver. The Commercial Loan collateral is shaped like a triangle with a scoop in the side. This was done because there was a willingness to keep the historical Holy Ghost Catholic Church at the base of this site.
This Commercial Mortgage collateral is strategically situated in Denver’s Central Business District. The Commercial Property is between 19th and 20th Streets. The Commercial Mortgage collateral offers immediate access to I-25 and I-70. This Office Building features a reflective green glass structure for extensive beauty. This Commercial Loan collateral appears to be the last high rise Office to have been constructed in this Denver central business district. This Denver Office Building is the only central business district commercial property with a Light Rail stop. Net Lease Property Tenants can take advantage of the location near the 16th Street Mall, which is full of numerous retail shopping and dining options.
The Commercial property investors have worked very diligently on the property to achieve the implementation of a number of Green design and operational programs. These achievements helped to get this Commercial Loan collateral to obtain LEED Silver certification by the US Green Building Council. Our research as seen Commercial Property with LEED Silver certification obtaining various forms of Investment Property financing.
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