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10756 East Virginia Avenue
FINANCED

Freddie Mac Provides $28.3M Loan For Aurora Multifamily Acquisition

10756 East Virginia Avenue

MultiFamily
clock iconFinanced 323 days ago
Nick Steele
Abigail Beauchamp
Mitch Sinberg
+ 4
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Summary

Loan
COLORADO
MultiFamily

An acquisition loan of $28,324,000 has been secured for a multifamily property located at 10756 East Virginia Avenue in Aurora. The property consists of 198 units and is owned by Trion Properties. The loan was provided by Freddie Mac, with a fixed-rate and a five-year term. The loan-to-value ratio is 68.4% and there will be three years of interest-only payments.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $28,324,000
  • Property Address: 10756 East Virginia Avenue
  • Market: Aurora
  • Lender: Freddie Mac
  • Landlord: Trion Properties
  • Brokers: Mitch Sinberg, Brad Williamson, Scott Wadler, Matthew (Matt) Robbins, Abigail Beauchamp & Nick Steele - Berkadia
  • Loan Type: Acquisition
  • Loan Terms: Fixed-rate loan with a five-year term at 68.4% loan-to-value and three years of interest only

Berkadia represented the buyer in this transaction, with brokers Mitch Sinberg, Brad Williamson, Scott Wadler, Matthew (Matt) Robbins, Abigail Beauchamp, and Nick Steele playing a key role. The acquisition loan allows Trion Properties to expand its portfolio and strengthen its multifamily holdings in Aurora.

Players

  • All

    8

  • Agents

    6

  • Agencies

    1

  • Lenders

    1

Nick Steele's profile picture
Nick Steele
Berkadia-image
Senior Director
$41.4M Sold
Scott Wadler's profile picture

Details

Deal Summary
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FINANCED
IMAGE: Mitch Sinberg, Brad Williamson, Scott Wadler, Matthew (Matt) Robbins, Abigail Beauchamp, Nick Steele DATE: 07/12/2023 ADDRESS: 10756 East Virginia Avenue MARKET: Aurora ASSET TYPE: MultiFamily ~ UNITS: 198 LENDER: Freddie Mac (@FreddieMacCorp) LANDLORD: Trion Properties (@TrionProperties) BROKERS: Mitch Sinberg (@TheJewishIceberg), Brad Williamson, Scott Wadler (@SWadler1), Matthew (Matt) Robbins, Abigail Beauchamp & Nick Steele - Berkadia (@Berkadia) LOAN AMOUNT: $28,324,000 LOAN TYPE: Acquisition LOAN TERMS: fixed-rate loan with a five-year term at 68.4% loan-to-value and three years of interest only

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