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830 Colorado Boulevard

SteepRock Capital Provides $67.5M Loan For 830 Colorado Boulevard Mixed-use Acquisition
FINANCEDMixed-use

SteepRock Capital Provides $67.5M Loan For 830 Colorado Boulevard Mixed-use Acquisition

830 Colorado Boulevard

$67,500,000

$262/SF

Building Size

257,677 SF

Asset Type

Mixed-use

Closing

Jan 28, 2025

AI

The property asset involved in this transaction is a mixed-use development located at 830 Colorado Boulevard in Denver, CO. The loan amount for this acquisition was $67,500,000, encompassing an area of 257,677 square feet.

Summary of transaction details:

Key individuals and companies involved in this deal include the lenders, represented by Connor Rosenbaum from SteepRock Capital, and the landlords consisting of Continuum Partners, Carlton Associates, and M Development, showcasing a collaborative effort in this transaction. Tal Savariego and Robert Verrone from Iron Hound Management Company played a significant role as brokers in facilitating the acquisition process.

Players

Robert Verrone

Iron Hound Management Company

Broker

$5.9B

vol

31 deals

Broker
SteepRock Capital
SteepRock CapitalLender

Denver Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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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