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Bellwether Enterprise Provides $43.1M Construction Loan For Development Site In Aurora, CO
FINANCED
$43,100,000
Colorado
See Similar DealsDevelopment Site
Financed 04/03/2023
FINANCED
Bellwether Enterprise Provides $43.1M Construction Loan For Development Site In Aurora, CO
Aurora, Colorado
See Similar DealsDevelopment Site
Financed 04/03/2023
Summary
COLORADO
Asset Type:Development Site
Transaction Type:Loan
A development site in Aurora, CO has secured a construction loan worth $43,100,000 from Bellwether Enterprise. The loan was finalized on 04/20/2023, signaling the financial backing for the future development of the site.
Summary of transaction details
- Asset Type: Development Site
- Lender: Bellwether Enterprise
- Loan Amount: $43,100,000
- Loan Type: Construction
- Market: Aurora, CO
Bellwether Enterprise played a significant role in providing the necessary funds for the development site in Aurora, CO. This construction loan will enable the project to progress, contributing to the growth and development of the area. The involvement of Bellwether Enterprise highlights their commitment to supporting the real estate development sector in the region.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$43,100,000.00
Monthly NOI$287,333.33
Monthly Debt Service$272,421.32
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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