Latest News

Batteries Plus Bulbs has signed a lease for 6,000 SF of office and warehouse space at 13695 E. Davies in Centennial CO.  Jarod Pate at DePaul Real Estate Advisors represented the tenant.  Greg Knott at Unique Properties represented the landlord.

Stein Mart has signed a lease for 32,000 square feet at The Grove shopping center in Thornton, CO.  Jarod Pate and Paul DeCrescentis of DePaul Real Estate Advisors represented the tenant.  Max Gansline and Drew Bextermueller of The Staenberg Group represented the landlord.  Anchored by a 90,000 square foot Cabela’s store and a 54,000 square foot Hobby Lobby store, The Grove is a new retail development located north of Denver at the interchange of Interstate 25 & 144^th Avenue.

Paul DeCrescentis and Jarod Pate of DePaul Real Estate Advisors are pleased to announce the successful funding of a new loan at Founders Marketplace, a King Soopers anchored shopping center in Castle Rock.  The non-recourse $10,350,000 loan features a 10-year fixed interest rate and includes a period of interest-only payments.  

DePaul Real Estate Advisors, a Denver commercial real estate company, is pleased to announce the sale of a Starbucks Coffee w/drive-thru located at 10611 West Florida Avenue, Lakewood, CO.  An out-of-state investor purchased the 1,667 square-foot building as part of a 1031 Exchange.  The property was on the market for less than a week and DePaul Real Estate Advisors generated multiple offers.  
 
Paul DeCrescentis and Jarod Pate of DePaul Real Estate Advisors represented the Seller.  
 
Please contact Paul or Jarod at 303-333-9799 for additional information.

As the Agencies slow loan production for many Multifamily properties in order to keep funds available for Q3 and Q4, alternative non-recourse perm lenders are filling the gap. 
 
In addition to retail, office and industrial product types, DePaul Real Estate Advisors provides attractive interim and permanent financing for multifamily properties.  Contact Paul DeCrescentis or Jarod Pate at DePaul to size up your apartment loan.
 
Sample loan terms
Loan Type:  Acquisition loans, maturity refinance or cash-out refinance
Property Type: Retail, Multifamily, Office and Industrial
Leverage:  up to 80% LTV (mezz available)
Loan Amount:  $2 million minimum
Non-Recourse:  No personal guarantee except for standard "bad acts" carve-outs
Fixed Rates and Floating Rates:  Call for quotes
Costs:  1-2% depending on the complexity of the transaction
Closing:  30-45 days