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

Property Image
FINANCED
$67,500,000

Colorado

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Mixed-use257,677 SF
Financed 01/28/2025
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Property Image
FINANCED

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

830 Colorado Boulevard

See Similar Deals
Mixed-use257,677 SF
Financed 01/28/2025
Contact now

Summary

COLORADO
Asset Type:Mixed-use
Price Per Square Foot:$262
Total Square Footage:257,677 SF
Transaction Type:Loan

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
31 deals$5.9B volume
BROKER

Tal Savariego
Iron Hound Management Company
14 deals$532.7M volume(646) 795-5426
BROKER

SteepRock Capital
LENDER

Details

FINANCED
IMAGE: Tal Savariego & Robert Verrone DATE: 01/28/2025 ADDRESS: 830 Colorado Boulevard - 9+Co MARKET: Denver, CO ASSET TYPE: Mixed-use ~ SF: 257,677 LENDER: Connor Rosenbaum - SteepRock Capital LANDLORD: Continuum Partners, Carlton Associates & M Development BROKERS: Tal Savariego & Robert Verrone - Iron Hound Management Company LOAN AMOUNT: $67,500,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$67,500,000.00

Monthly NOI$450,000.00
Monthly Debt Service$426,645.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00