Back to the full list of closings

news photo

Press Release: The Madison Group facilitates a $2MM Refinance on a Colorado Office Building

Friday, Jun 19, 2015
by Jeff Meierhofer

Transaction Description:  Southfield Office Towers is located in Centennial CO.  The borrower’s needs were to refinance an existing hard money loan on the office towers. A new loan with a 25 year amortization and a fixed 5 year term will allow time to lease up the property and stabilize cash flow. The property was previously an underperforming office tower and has recently begun to stabilize occupancy and income.  The building consists of two eight-story office buildings with approximately 85,000 square feet.

Challenges:  The property income with the current occupancy did not provide adequate debt service for traditional lenders. Also, there was a need to structure the loan to provide some cash for tenant improvements and leasing commissions. The borrower also wanted to manage taxes and insurance reserves on their own without a reserve account.

Solutions: Loan Amount: $2,000,000; Rate: 8.99%; Term: 5yr balloon; Amor: 25yrs;  Prepay: 1 year.  Cash out with no escrow account for taxes and insurance. Loan completed in 30 days.

The financing was arranged by Jeff Meierhofer at The Madison Group.

The Madison Group is a commercial loan broker and consultant specializing in financing for investor properties nationwide. TMG provides flexible and reliable capital for real estate acquisitions, refinances, and re-capitalizations for a variety of property types including:  multifamily, mobile home parks, credit tenant NNN net lease, office, retail, industrial, self-storage and other commercial properties in the United States.  Established in 2001, The Madison Group’s intention is to provide highly competitive loan products through its superior capital market expertise and quality sources of capital.  TMG works efficiently and effectively to get the transaction closed and funded.

The Madison Group and Jeff Meierhofer can be reached at 435-785-8350 or by emailing Jeff at

Full List of Recent Closings