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3300 West Camelback Road

Goldman Sachs Provides $520 Million Refinance Loan To Brian Mueller Of Grand Canyon University
FINANCEDSchool

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

Todd Noel

Colliers

Broker

$612.5M

vol

5 deals

Broker
Goldman Sachs
Goldman SachsLender

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