Marcus & Millichap Arranges $9.8 Million Bridge Loan For Tabor Lake Apartments In Wheat Ridge CO
12100 West 44th Avenue
$9,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 26, 2025
AI
A 97-unit multifamily property located at 12100 West 44th Avenue in Wheat Ridge, CO, was recently converted from a Howard Johnson motel. The property was financed with a bridge loan totaling $9,800,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,800,000
- Loan Type: Bridge
- Market: Wheat Ridge, CO
- Units: 97
- Broker: Phillip Gause - Marcus & Millichap
Marcus & Millichap Capital Corporation facilitated the financing for Tabor Lake Apartments, involved in transitioning the property from its previous hospitality use to a multifamily residential asset.
Players
Wheat Ridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93