Updated Jul 24, 2026
FINANCEDDevelopment Site
Nathaniel Kelly Foote Secures $65 Million Loan From Andy Meyer For Frisco Development Site
500 East Main Street
$65,000,000
$449/SF
Building Size
144,597 SF
Asset Type
Development Site
Closing
Jul 10, 2026
About this deal
AI
The asset involved in this transaction is a development site located at 500 Main Street in Frisco, Colorado, encompassing a total square footage of 144,597. This site is designated for a mixed-use development that includes an 80-room Marriott Tribute Hotel and is projected to be completed in October 2027. The loan amount secured for this project is $65 million.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $65,000,000
- Address: 500 Main Street, Frisco, CO
- Asset Size: 144,597 SF
- Lender: Andy Meyer - Twain Capital Partners
- Landlord: Nathaniel Kelly Foote
Developer Nathaniel Kelly Foote is the key individual behind the secured loan, which was provided by Andy Meyer representing Twain Capital Partners. The financing will assist in the completion of the mixed-use development project, Foote’s Rest, which reflects a strategic investment in the local market.
Players
Frisco Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Visit Twain Capital Partners to view all their deals.
Browse Frisco development site loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93