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Iconiq Capital Secures $525 Million Refinance Loan From Goldman Sachs And Deutsche Bank For Multifamily Asset

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FINANCED
$525,000,000
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 2

Colorado

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MultiFamily1,900,000 SF
Financed 11/05/2024
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Property Image
FINANCED

Iconiq Capital Secures $525 Million Refinance Loan From Goldman Sachs And Deutsche Bank For Multifamily Asset

1777 Wewatta Street

See Similar Deals
MultiFamily1,900,000 SF
Financed 11/05/2024
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 2
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Summary

COLORADO
Asset Type:MultiFamily
Price Per Square Foot:$276
Total Square Footage:1,900,000 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily structure located at 1777 Wewatta Street, Denver, CO. The property comprises 1,900,000 square feet and includes 1,790 units. It has been refinanced for a loan amount of $525,000,000.

Summary of transaction details:

The key individuals and companies involved in this deal include the lenders David Solomon from Goldman Sachs and Christian Sewig from Deutsche Bank. The landlord, Divesh Makan, represents Iconiq Capital, while the broker representatives from Newmark include Jonathan Firestone, Jordan Roeschlaub, Blake Thompson, Nick Scribani, and Bill Fishel.

Players

Nick Scribani
192 deals$55.2B volume(212) 372-2113
BROKER

Bill Fishel
Newmark
8 deals$1.4B volume(310) 435-5986
BROKER

Jordan (Jordy) Roeschlaub
Newmark
322 deals$96.3B volume
BROKER

Jonathan Firestone
Newmark
38 deals$10.5B volume(310) 709-4910
BROKER

Blake Thompson
Newmark
19 deals$3.4B volume
BROKER

JLL
BROKERAGE


Details

FINANCED
IMAGE: Jordan Roeschlaub, Nick Scribani, Christian Sewig, Jonathan Firestone, Divesh Makan, Blake Thompson, David Solomon & Bill Fishel DATE: 11/05/2024 ADDRESS: 1777 Wewatta Street MARKET: Denver, CO ASSET TYPE: Multifamily ~ SF: 1,900,000 ~ UNITS: 1,790 LENDER: Goldman Sachs (@GoldmanSachs) - David Solomon & Deutsche Bank (@DeutscheBank) - Christian Sewig LANDLORD: Iconiq Capital - Divesh Makan BROKERS: Jonathan Firestone, Jordan Roeschlaub (@JordyRoeschlaub), Blake Thompson, Nick Scribani (@ScribSays) & Bill Fishel - Newmark (@Newmark) LOAN AMOUNT: $525,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$525,000,000.00

Monthly NOI$3,500,000.00
Monthly Debt Service$3,318,357.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00