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VP Closes $89 Mil of Loan Deals in 2001

DENVER-There's still a wide gap between buyer and seller expectations, which means sales transactions may not get done because owners can afford to sit on properties, says L.J. Melody & Co. vice president Eric Tupler.

By John Rebchook | Updated on January 07, 2002

DENVER-Eric Tupler, a vice president in the Denver office of L.J. Melody & Co., originated 10 loans totaling $89.5 million in debt in 2001. That is down slightly from the $92 million in loans in 2000.

”It was a pretty stable year,” Tupler tells GlobeSt.com. ”It would have been better if Sept. 11 had not occurred. A couple of deals that were on the table were carried over to 2002. But it definitely was a good year.”

Of the deals, $42 million of them were for transaction that occurred outside Colorado.

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