Crescent Real Estate Secures $43.4 Million Refinance Loan From Southstate Bank For Mixed-use Property
200 North Columbine Street & 250 North Columbine Street
$43,400,000
$177/SF
Building Size
243,980 SF
Asset Type
Mixed-use
Closing
Aug 5, 2026
AI
200 & 250 North Columbine Street is a mixed-use property located in Denver, CO, encompassing an area of 121,990 square feet. The asset features 91,208 square feet of office space and 30,782 square feet of retail, in addition to underground parking. A refinancing loan was secured for this property.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $43,400,000
- Lender: Southstate Bank
- Landlord: Crescent Real Estate
- Address: 200 & 250 North Columbine Street, Denver, CO
- Broker Representatives: Leon McBroom, Jim Curtin & Emily Goldsberry - JLL
- Loan Type: Refinance
- Date of Transaction: 08/05/2026
The refinancing arrangement was structured as a five-year loan, providing financial support for the property owned by Crescent Real Estate. The brokers facilitating the deal included Leon McBroom, Jim Curtin, and Emily Goldsberry from JLL, representing the landlord in this transaction.
Players
Columbine Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93