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Calmwater Capital Provides $34M Bridge Loan For Englewood Multifamily

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FINANCED
$34,000,000

Colorado

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MultiFamily106,000 SF
Financed 06/17/2024
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Property Image
FINANCED

Calmwater Capital Provides $34M Bridge Loan For Englewood Multifamily

4201 South Navajo Street

See Similar Deals
MultiFamily106,000 SF
Financed 06/17/2024
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Summary

COLORADO
Asset Type:MultiFamily
Price Per Square Foot:$320
Total Square Footage:106,000 SF
Transaction Type:Loan

The property at 4201 South Navajo Street in Englewood, CO is a multifamily asset with 106,000 square feet and 146 units. The loan for this property was secured for $34,000,000 with a bridge loan type for a term of 30 months. The lenders for this transaction were Larry Grantham, Zach Novatt, and DaJuan Bennett from Calmwater Capital, with The Prime Company as the landlord.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $34,000,000
  • Address: 4201 South Navajo Street
  • Market: Englewood, CO
  • Square Footage: 106,000
  • Units: 146
  • Lenders: Larry Grantham, Zach Novatt, and DaJuan Bennett - Calmwater Capital
  • Landlord: The Prime Company
  • Loan Type: Bridge
  • Loan Terms: 30 months

Zach Novatt, Larry Grantham, and DaJuan Bennett from Calmwater Capital acted as the lenders in this property transaction, providing the necessary financing to facilitate the deal. The Prime Company, serving as the landlord, was involved in the management and ownership of the property, overseeing the terms of the loan for the multifamily asset in Englewood, CO.

Players

LENDER

Details

FINANCED
IMAGE: Zach Novatt, Larry Grantham & DaJuan Bennett DATE: 06/17/2024 ADDRESS: 4201 South Navajo Street MARKET: Englewood, CO ASSET TYPE: Multifamily ~ SF: 106,000 ~ UNITS: 146 LENDER: Larry Grantham, Zach Novatt & DaJuan Bennett - Calmwater Capital LANDLORD: The Prime Company LOAN AMOUNT: $34,000,000 LOAN TYPE: Bridge LOAN TERMS: 30 months

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$34,000,000.00

Monthly NOI$226,666.67
Monthly Debt Service$214,903.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00