Page 16 —
COLORADO REAL ESTATE JOURNAL
— January 6-January 19, 2016
Finance
by John Rebchook
It was about as close to $100mil-
lion as possible.
Denver-based Terrix Financial
closed about $99.7 million in loans
in the third and fourth quarters of
2015.
As to be expected, apartment
deals represented the biggest
single asset class, accounting for
about a third of about three-dozen
individual deals.
Retail was No. 2, with nine
transactions.
Whilemost of the deals were for
properties along the Front Range,
the single biggest transaction was
a $12.93 million loan for the acqui-
sition of an out-of-state industrial
center.
In addition to the traditional
asset properties, Terrixmade loans
on a few outliers, such as a car
wash and a school.
Following are details and the
loan officers who handled some of
the larger deals closed by Terrix in
the third and fourth quarters:
• Craig Branston andAmy Gib-
sonclosedthe$12.93millionacqui-
sition of an out-of-state industrial
loan. The 279,388-square-foot
industrial property is on 16.6
acres. A life insurance company
exclusively represented by Terrix
funded the loan.
• John Richert andMarsha Blair
arranged a $7.48 million loan to
refinance a 143,144-sf retail center
in Aurora. The center was built in
1987. The loan has a five-year term
and is amortized over 25 years.
The interest rate adjusts annually.
Aregional bank funded the loan.
• Kevin Chadwick and Mar-
sha Blair arranged a $6.25 mil-
lion acquisition loan for a 100-unit
apartment community in Aurora.
The community was built in 1974.
The floating-rate loan has a seven-
year termand is amortizedover 30
years. AFannie Mae lender repre-
sented by Terrix funded the loan.
• Craig Branton and Jay Richert
arranged a $6 million loan to refi-
nance the debt on a private school
in Jefferson County. The school
building has 47,709 sf and was
built in 1997 and 2007. A regional
bank financed the loan, which
has a seven-year fixed rate and is
amortized over 25 years.
• David O’Brien and Amy Gib-
Terrix Financial handled the financing for this apartment community.
This industrial property was financed by Terrix Financial in the second
half of 2015.
This was one of nine retail properties financed by Terrix in the second
half of the year.
