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FM Capital Originates a $5.45 Million Bridge Loan in Colorado Springs in just Seven Days

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FM Capital Originates a $5.45 Million Bridge Loan in Colorado Springs in just Seven Days

PR Newswire

HOLLYWOOD, Fla., Aug. 8, 2018 /PRNewswire/ -- FM Capital originated a $5.45 Million bridge loan on a 280,000 square foot office complex in Colorado Springs, Colorado. The loan was closed within seven days to accommodate the buyer. The borrower purchased the asset through the Ten-X platform, and reached out to FM Capital just seven days prior to the closing upon notification that a prior lender could not accommodate their needs. FM Capital worked timelessly to structure a loan that worked in the short timeline.

Chidlaw Building, Colorado Springs, CO

The property is located in Colorado Springs, a growing Denver sub-market, and is well located in the city center. The space is home to two Fortune 500 company call centers like Spectrum, a Time Warner Cable company. The property's national leasing agency believes the remaining vacancies are well-positioned in the market and offer great accommodations at affordable rent.

This transaction continues to grow FM Capital's in-house lending platform, together with its affiliates, which lends on all commercial real estate with loans starting at $3 Million

For inquiries, please contact:

Joe Fishman
FM Capital
Senior Vice President, Acquisitions
(305) 722-6182
jfishman@fmcapital.com

About FM Capital
FM Capital, LLC is a full service vertically integrated real estate investment company that uses a value investing philosophy to focus on commercial real estate opportunities, debt acquisitions, and commercial loan originations. FM Capital currently manages roughly half a billion dollars in multifamily, retail, office, industrial, and development properties across the country. FM Capital is committed to creating long-term value for their investors, clients, and borrowers. FM Capital's extensive commercial real estate expertise and long-standing lender relationships, have enabled their loan origination team to leverage and source these resources to offer the most aggressive loan product for their clients. FM Capital's first-class client support and owner-mentality differentiate them from the competition and help them generate loan solutions tailored to their clients' needs. Since FM Capital's founding in 2007, FM Capital has closed on more than $1 billion in transactions. www.fmcapital.com

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SOURCE FM Capital

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