Property Markets Group Secures $107.5M Loan From Maxim Capital Group For Waldorf Astoria Residences

The asset involved in this transaction is a condo development located at 185 North Steele Street in Denver, CO. The development consists of 37 units and is known as the Waldorf Astoria Residences Denver Cherry Creek, with condos starting at a price of $1.2 million. The total loan amount for construction financing is $107,500,000.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $107,500,000
• Units: 37
• Lender: Jason Bordenick - Maxim Capital Group
• Landlord: Andrew Warman, Jonathan Blank & Paton Marion - Property Markets Group
• Loan Type: Construction

This financing was arranged by Property Markets Group from Maxim Capital Group to facilitate the development of the 37-unit project. The lender, Jason Bordenick, played a key role in providing the construction loan. The landlords, Andrew Warman, Jonathan Blank, and Paton Marion, are associated with Property Markets Group in this endeavor.