168
DENVER — Baxter Fain and Eric Tupler of CB Richard Ellis|Melody have arranged $4.93 million in owner-occupied permanent financing for the acquisition of a newly constructed industrial property in Denver. The 66,008-square-foot property, which is 100 percent leased to Pella Windows, features a large portion of office finish, 30-foot clear height in the warehouse, an ESFR sprinkler system and 200 dock-high doors. A portfolio lender provided the financing on behalf of Bevis Investment Company LLC, an entity related to the tenant. Terms of the financing include 85 percent loan-to-purchase price, 10-year loan term with a 30-year amortization at a fixed-rate of 7.25 percent.