Metropolitan Capital Advisors, Ltd. (“MCA”) has arranged a $4,700,000 construction loan for UC Health Emergency Room, located in Arvada, Colorado. The 0.69-acre site is located just off the SW corner of McIntyre Parkway and West 64th Avenue.
The Property is adjacent to a grocery-anchored retail center that includes a King Soopers Market-place, Kohl’s, Ace Hardware, KeyBank, Prestige Fitness, FirstBank and Buffalo Wild Wings. UC Health chose the location due its proximity to St. Anthony Hospital, which is located 10-miles south of the site.
Charley Babb, Senior Director and Principal of Metropolitan Capital Advisors’ Denver office, and Senior Associate, Tiffiany Mullins, were responsible for placing the $4.7 million construction loan with a community bank located in Denver. The loan is a five (5) year term with twelve (12) months interest-only at 4.20%, followed by a 25-year amortization.
Since 1992, Metropolitan Capital Advisors has closed in excess of $12 billion of debt and equity transactions. National Real Estate Investor Magazine has consistently ranked MCA as one of the top CRE Financial Intermediaries in the US. MCA completed over $600 million of commercial real estate financings in 2015.
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