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Marcus & Millichap Arranges $9.8 Million Bridge Loan For Tabor Lake Apartments In Wheat Ridge CO
FINANCED
$9,800,000
Colorado
See Similar DealsMultiFamily
Financed 06/26/2025
FINANCED
Marcus & Millichap Arranges $9.8 Million Bridge Loan For Tabor Lake Apartments In Wheat Ridge CO
12100 West 44th Avenue
See Similar DealsMultiFamily
Financed 06/26/2025
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,800,000.00
Monthly NOI$65,333.33
Monthly Debt Service$61,942.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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