Terrix Financial Services

Terrix Financial Corporation has arranged a $1,996,400 loan to refinance a retail strip center in Louisville, Colorado. Loan terms included an interest rate of 5.75% (fixed for 10 years) and a 25 year amortization period.

The two multi tenant retail buildings, which are part of a larger center were constructed in 1979. The 26,588 square feet of space in the two buildings is occupied primarily by local tenants.

The loan was funded by a Colorado based credit union represented by Terrix Financial.

Terrix Financial Corporation has arranged a $7,050,000 loan secured by an 1960's vintage apartment complex located in Colorado Springs. The non recourse loan was amortized over 30 years with a rate of 5.31% fixed for 10 years and has a yield maintenance prepayment penalty.

There are 302 units in the 10-building apartment complex on a 7.75 acre site. The complex was constructed in 1966 and in 1969. They have interior building entrances with security doors, and amenities include pool, common area, office, off street parking and rented garage spaces.

The loan proceeds were used to payoff an existing ballooning loan. The borrower is a limited liability corporation and the loan was funded by a lender with whom Terrix has a correspondent relationship.

Terrix Financial Corporation has arranged a refinance loan of $1,600,000 for an office/warehouse property located in the LoDo area of Denver, Colorado. The rate is 6.00% fixed through the 10 year life of the loan and there is a 25 year amortization period with a stepdown prepayment penalty.

The industrial building was constructed in 1975 and contains 82,919 net rentable square feet on a 3.66 acre site. Warehouse space takes up 69% of the building and has 24' 8" clear ceiling height, with 13 dock high doors, 2 drive ins and three side loading doors.

The borrowers are a Colorado limited liability limited partnership and the loan was funded by a local bank.

Terrix Financial Corporation has arranged a $10,000,000 loan secured by a mobile home park located in Federal Heights, Colorado. The loan term is 10 years with a 25 year amortization. The interest rate is 4.94%. This is a non recourse loan with significant cash out.

The mobile home park was built in 1970 on 47.61 acres of land. There is a clubhouse, pool and maintenance building in the center of the development. The borrower is a limited liability company.

Terrix Financial Corporation has arranged a loan of $1,525,000 secured by retail strip center located in Nashville, Tennessee. The loan is amortized over 20 years with the rate fixed at 5.3% for 7 years. The loan does not balloon but the rate is adjusted to market after years 7 and 14.

The building was constructed in 2008 and contains 8,271 net rentable square feet on a 2 acre site. It is fully occupied by Krispy Kreme, T Mobile and Buffalo Wings. The loan proceeds were used to acquire the property by a Boulder Investment group. The loan was funded by a life insurance company represented by Terrix Financial.

Terrix Financial Corporation has arranged an acquisition loan of $2,300,000 for a multi family property located in Castle Rock, Colorado. Loan terms included an interest rate of 5.0% for a five year term and a 25 year amortization period. The loan can be paid off at any time without a prepayment penalty.

The complex consists of 64 two-bedroom units in 13 buildings. All units include washer/dryer hookups and individual central heating and air conditioning units. The complex was constructed in 1973 and has been renovated several times over the years.

The borrower is a limited liability corporation and the loan was funded by a local lender represented by Terrix.

Terrix Financial Corporation has arranged a loan of $11,750,000 secured by a 216-unit apartment complex located in Fort Collins, Colorado. The non recourse loan was amortized over 30 years with a rate of 5.30% fixed for 10 years, and has a yield maintenance prepayment penalty. The loan proceeds were used to payoff an existing life company loan with cash back to borrower.

The apartment complex consists of 14 apartment buildings, one office building, a clubhouse and fitness center, hot tub/maintenance building, and a laundry room. They were constructed in 1985 on a 10 acre site. Each unit has a covered patio or balcony, fireplace, washer/dryer hook-ups, microwaves, and frost free refrigerators with ice makers. Amenities include an outdoor swimming pool, hot tub/sauna, central air conditioning, fitness area and clubhouse.

The borrower is a commercial real estate investor and the loan was funded by a lender with whom Terrix has a correspondent relationship. .

Terrix Financial Corporation has arranged a loan in the amount of $1,100,000 secured by a light industrial building located in Longmont, Colorado. The interest rate is 6.0% for the first 5 years of the loan. The loan featured a 25 year amortization period with no balloon.

The single tenant office/warehouse building was constructed in 1998 and has 29,080 square feet on a 3.12 acre site. The majority of the property is high-ceiling industrial/warehouse space, with 18 feet clear ceiling height and 6 drive in loading doors. There is a large storage yard on the east and west sides of the building and 2500 square feet of office space.

The borrower is a limited liability company and the lender is a life insurance company represented by Terrix Financial.

Terrix Financial Corporation has arranged a non-recourse acquisition loan in the amount of $2,520,000 secured by a non-credit single tenant occupied office/warehouse building located in Arvada, Colorado. The interest rate is fixed for 10 years at 5.65% and there is a 25 year amortization period.

The building was constructed in 2000 and has 38,656 gross square feet on a 4.25 acre site with a fenced lot. It was recently fully renovated and 40% of the space is finished as office. The warehouse space has 20' clear height, and 5 dock high and 18 roll up doors.

The borrower is an out-of-state investor who had a 1031x deadline and the lender is a correspondent life insurance company represented by Terrix Financial.

Terrix Financial Corporation has arranged a $1,000,000 acquisition loan for a one-story retail building located out of state. The property was a bank REO purchased through an auction and had to close quickly. The loan has a one year term and there is no prepayment penalty.

The WalMart shadow anchored retail center is of steel frame construction and was constructed in 1991 and renovated in 2006. It contains 8613 square feet on one acre of land. The property was 87% occupied by a regional Mexican food chain, a regional dental chain, and a national wireless retailer at the time of closing.

The borrower is a limited liability corporation located out of state. The loan was funded by a life insurance company who specializes in short term loans for quick-close and lease-up transactions.

Terrix Financial Corporation has arranged a $3,500,000 refinance loan on a newly renovated 14-unit student housing apartment building in Boulder, Colorado. The loan carries a 10-year term, fixed for the first five years at 5.0% with a 30-year amortization and a small prepayment penalty.

"One of the obstacles we had to overcome was the high loan per unit", commented Rogers. "Many lenders could not get comfortable at this level, however we had recently closed a very similar loan in Boulder with one of our lenders who knows the Boulder student market well, and was comfortable lending $250,000 per unit."

The property, originally constructed in 1975, was converted from 2-bedroom/1.5 bath units to 4-bedroom/3 bath units. The property boasts private laundry centers, hardwood floors, granite counters, and pre-wired surround sound. The units are about 1000 SF spread over two stories.

The borrower is a local investor and the lender is a bank with whom Terrix Financial has a strong relationship.

Terrix Financial Corporation has arranged a refinance loan of $2,450,000 secured by two fully occupied flex buildings located in Boulder, Colorado. The rate is 5.25% fixed for 5 years. There is a 25 year amortization period and the loan has no prepayment penalty.

There are two 2-story buildings of block and concrete construction, which total over 26,000 square feet. The first level has 17 foot ceilings and overhead doors. The second level is all office finish. Both buildings are fully sprinklered, with an elevator in each building. They were constructed in 2008 and have 10 KW solar systems.

The borrower is a commercial real estate investor and the lender is a local bank.

Terrix Financial Corporation has arranged a $1,100,000 loan for an industrial portfolio located in Denver, Colorado. This loan was all cash out with an interest rate of 6.00% fixed for 10 years and there is a 25 year amortization period.

This industrial portfolio is made up of four single story multi-tenant industrial buildings totalling 45,834 square feet. The buildings were constructed from 1963 through 1976, and have 22 units. They are all masonry construction with varying amounts of office finish, and have a mix of dock high and drive in doors.

The borrower is a local real estate investor. The loan was funded by a life insurance company represented by Terrix Financial.

Terrix Financial Corporationhas arranged a $5,170,000 loan for an office property located in Englewood, Colorado. The interest rate is 4.85% on the 10 year fixed rate.

There are two adjoining buildings constructed in two phases, one in 1982 and one in 1999. They contain 75,580 square feet on a 5.64 acre site. Both of the elevatored buildings are fully leased, with one of the buildings being owner occupied.

The borrower is a limited liability corporation. The loan was funded by a life insurance company represented by Terrix Financial.

Terrix Financial Corporation has arranged a non recourse refinance loan of $1,750,000 for a multi family property located in Aurora, Colorado. The 5.57% rate is fixed for 10 years and amortized over thirty years.

The 5-story elevatored apartment building was constructed in 1973. There are 67 units and 57,360 net rentable square feet on a 1.3 acre site. Unit amenities include balcony or patio, air conditioning, dishwashers and ceiling fans. There is laundry, pool and free wireless Internet on site.

The borrowers are a family partnership. The loan was funded by a lender with whom Terrix has a correspondent relationship.

Terrix Financial Corporation has arranged a loan in the amount of $4,400,000 secured by a hotel located on East Colfax Avenue in Denver, Colorado. The interest rate is 5.00% fixed for five years. There is a 25 year amortization period and no prepayment penalty.

The 154-room hotel was built in 1962. It has a total of 60,000 square feet, with a center pool and patio area. Renovations were completed in the interior in 2006, and in 1999 new hot water boilers were installed as well as upgraded fire detection and a new roof mounted water chiller.

The lender is a Colorado based credit union represented by Terrix and the borrower is a Colorado limited liability corporation.

Terrix Financial Corporation has arranged a $1,264,000 loan for a medical office located in Denver, Colorado. The interest rate is 4.95% and there is a 15 year loan term and a 15 year amortization period. The loan proceeds will be used to refinance existing debt.

The 2-story brick facade building has 13,305 square feet. It was constructed in 1962 and remodeled in 2008, and is fully occupied by owner. The upper level is used as a waiting room/reception area, exam rooms and for physical therapy. The lower level is for record storage and administrative offices.

Terrix Financial Corporationhas arranged a refinance loan of $1,825,000 for a retail center located in Colorado Springs, Colorado. The interest rate is 5.35% fixed for 7 years and the loan term is 10 years with a 25 year amortization.

The multi-tenant retail property consists of a 9,160 square foot building on a 1 acre site. It was constructed in 2008 and is situated in front of a Target, Office Max and Petco anchored center.

The borrower is a local real estate investor with whom Terrix has done other loans. The loan was funded by a life insurance company represented by Terrix. The loan proceeds were used to pay off an existing shorter bank debt.