LMF Commercial Refinances Mixed-Use Property In Colorado Springs With $28M Loan
FINANCED
$28,000,000
Colorado
See Similar DealsMixed-use281,144 SF
Financed 07/28/2022
FINANCED
LMF Commercial Refinances Mixed-Use Property In Colorado Springs With $28M Loan
2221 East Bijou Street
See Similar DealsMixed-use281,144 SF
Financed 07/28/2022
Summary
COLORADO
Asset Type:Mixed-use
Price Per Square Foot:$99
Total Square Footage:281,144 SF
Transaction Type:Loan
The mixed-use property located at 2221 E. Bijou St. in Colorado Springs, CO has recently undergone a loan transaction. The property spans a total of 281,144 square feet.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $28,000,000
- Lender: LMF Commercial (A Lennar Co.) - Nihad Choudhury
- Landlord: Shlomo Rosenbaum
- Broker: Isaac Sternhill - IS Realty LLC
The loan transaction involved a refinance of the property. The loan amount for this transaction was $28,000,000. The loan type was CMBS with a 10-year fixed term and a 30-year amortization schedule. The terms also included full cash out.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$28,000,000.00
Monthly NOI$186,666.67
Monthly Debt Service$176,979.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions