Goldman Sachs Provides $520 Million Refinance Loan To Brian Mueller Of Grand Canyon University
3300 West Camelback Road
$520,000,000
Building Size
—
Asset Type
School
Closing
Dec 11, 2024
AI
The asset involved in this transaction is a school located at 3300 West Camelback Road, Phoenix, AZ. The loan amount for the refinancing transaction is $520,000,000, facilitated by Goldman Sachs.
Summary of transation details:
- Property Type: School
- Transaction Amount: $520,000,000
- Lender: Goldman Sachs
- Landlord: Brian Mueller - Grand Canyon University (GCU)
- Brokers: Bob Kline, Mindy Korth & Todd Noel - Colliers
- Loan Type: Refinance
- Loan Terms: Brian Mueller - GCU
This transaction involved key representatives, with Brian Mueller acting on behalf of Grand Canyon University in the loan agreement. The brokerage team from Colliers, consisting of Bob Kline, Mindy Korth, and Todd Noel, facilitated the deal, ensuring smooth communication between all parties involved.
Players
Phoenix School Market Snapshot
Boundary boundary · School · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93