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:
- Property Type: Mixed-use
- Transaction Amount: $67,500,000
- Lender: Connor Rosenbaum - SteepRock Capital
- Landlord: Continuum Partners, Carlton Associates & M Development
- Brokers: Tal Savariego & Robert Verrone - Iron Hound Management Company
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
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