Brandon Rogers and Amy Gibson arranged financing for a purchase of this retail building in Denver, CO. The loan is $3,965,000 for a 10 year term amortized over 30 years. The building size is 11,622 net rentable square feet built in 2008 and an addition in 2015.
This was a purchase of a retail strip center where the borrower used 1031 exchange funds for the down payment. This property was purchased due to the fact that the immediate neighborhood is up and coming with new apartments being built, new light rail station built nearby, and proximity to attractions in the Denver area.