BrokerageDevelopmentOffice

Essex Originates $5.0 Million Acquisition Loan

Denver, CO – Essex Financial Group has arranged a $5.0 million non-recourse loan for the acquisition of the Wheeler Block Building.  The Wheeler Block Building is a 6-story, 33,000 square foot brick and timber office building located in Denver’s vibrant Lower Highlands neighborhood.  The Wheeler Block Building was ~75% occupied at closing.

Cooper Williams, Principal at Essex Financial Group, originated the non-recourse loan with an exclusive life insurance company relationship.  The acquisition loan has a 5-year term with a competitive fixed-rate and flexible prepayment after Year 3 of the loan term.

Photo credit: Cooper Williams LinkedIn Post

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