Craig Branton and Marsha Blair arranged a refinance for a mixed use, retail condominium on main level and residential above, property located at the base of Copper Mountain. The financing on this property is a $2,000,000 loan with a 10 year term amortized over 25 years. The building size is just over 6,000 square feet. The collateral on this building was just the retail condominium unit on the main level.
This was a refinance of the property that was originally bought in 2007. Borrowers wanted to refinance into another long term mortgage and recover the costs of getting in a new tenant.