Updated Sep 2, 2025
Daniel Otis Of Brickstone Partners Secures $49 Million Refinance For Mountainaire In Boulder CO
2950 Bixby Lane
$49,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 28, 2025
About this deal
AI
The asset involved in this transaction is a student-focused multifamily community located at 2950 Bixby Lane, Boulder, CO. The property has been refinanced for a total loan amount of $49 million.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $49,000,000
- Landlord: Daniel Otis - Brickstone Partners
- Loan Type: Refinance
- Market: Boulder, CO
Brickstone Partners, under the leadership of founder Daniel Otis, has made significant investments in Boulder, totaling nearly $1 billion since 2008. This reinforces their position as one of the largest owners of student housing at the University of Colorado.
Players
Boulder 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93