Lument Closes $31.6M Refinance Loan For Westminster Senior Housing
11180 Irving Drive, Westminster, Colorado 80031, United States
$31,600,000
Units
160
Asset Type
—
Closing
Jan 8, 2023
About this deal
AI
A senior housing property located at 11180 Irving Dr in Westminster, CO has recently undergone a loan refinance. The property consists of 160 units and the loan amount for the refinance is $31,600,000. The lender for this transaction is Lument, with Eric Mestemaker, Doug Harper, and Casey Moore representing the lender.
Summary of transation details
- Property Type: Senior Housing
- Transaction Amount: $31,600,000
- Units: 160
- Location: 11180 Irving Dr, Westminster, CO
The loan refinance for the senior housing property at 11180 Irving Dr in Westminster, CO was facilitated by Lument. Eric Mestemaker, Doug Harper, and Casey Moore represented Lument in this transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93