Updated Oct 29, 2024
FINANCEDMultiFamily
Reliance Multifamily Refinances Thornton Multifamily Property For $30.4M With Greystone Loan
1300 Milky Way, Thornton, Colorado 80260, United States
$30,400,000
Units
206
Asset Type
MultiFamily
Closing
Nov 22, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 1300 Milky Way in Thornton, CO. The property consists of 206 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,400,000
- Address: 1300 Milky Way, Thornton, CO
- Market: Thornton, CO
- Lender: Greystone
- Landlord: Reliance Multifamily
- Loan Amount: $30,400,000
- Loan Type: Refinance
Greystone provided a loan amount of $30,400,000 to Reliance Multifamily for the refinancing of the multifamily property located at 1300 Milky Way in Thornton, CO.
Players
Thornton 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93