Industrial

Colorado Tech Center:
Dexia funded this $16,000,000 loan secured by three single-story office-warehouse buildings containing a total of 235,120sf net rentable area located in Louisville, Colorado. The subject property is fully leased to five tenants with varied lease expiry dates between 2007 and 2013. Reserves were established for taxes, capital expenditures, and TI/LC. The loan was underwritten to a 1.29 DSCR and a 75% LTV. The loan was structured with a 10-year term, amortizing over 30 years, with the first three years on an interest-only basis.