John Richert and Marsha Blair arranged a $1,525,000 loan to refinance a suburban low-rise office complex in Lakewood. The loan’s interest rate is fixed for 5 years with a 10 year term and a 22 year amortization period. The loan was funded by a correspondent life insurance company represented by Terrix Financial.
The complex is made up of 6 buildings on a 3.43 acre site. It contains 44,574 rentable square feet and has 72 tenant spaces. It was built in 1975 and renovated in 1994. Amenities include attractive, mature landscaping and a landscaped courtyard.