Updated Oct 29, 2024
Bellwether Enterprise Provides $43.1M Construction Loan For Development Site In Aurora, CO
Aurora, Colorado
$43,100,000
Building Size
—
Asset Type
Development Site
Closing
Apr 3, 2023
About this deal
AI
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.
On the Map
$43,100,000
Development Site
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Players
Aurora Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93