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O'Donnell
DENVER-Borrowers have landed $56 million in new loans for a variety of properties here, including loans for mixed-use office-retail buildings and ground leases under office buildings account for more than $47 million of the total. The loans included CMBS and life company financings, according to the Denver office of Johnson Capital, which arranged the loans.
The two largest of the five deals were a $24.05 million loan on five mixed-use, office-over-retail buildings on the Pearl Street Mall in Boulder and a $23.645 million loan on a portfolio of four ground lease properties underneath four office buildings leased to the General Services Administration. The Boulder portfolio comprises 49,046 square feet of retail space and 83,512 square feet of office space. The five-year, fixed-rate note on that deal has a 30-year amortization schedule and is a non-recourse CMBS loan that was provided by Natixis and arranged by Brady O’Donnell, a principal in Johnson Capital’s Denver office.
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1401 Pearl St.
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