Updated Oct 8, 2025
Buckingham Companies Secures $61.7 Million Refinance Loan From ACRE For 353-Unit Community
4685 Grandstand Drive
$61,700,000
Units
353
Asset Type
MultiFamily
Closing
Oct 2, 2025
About this deal
AI
The property asset involved in the transaction is a multi-family complex located at 4685 Grandstand Drive, Windsor, CO, comprising 353 units. The landlord for this asset is Buckingham Companies, and the loan amount secured for refinancing is $61,700,000 with a floating-rate, interest-only structure.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $61,700,000
- Loan Type: Refinance
- Market: Windsor, CO
- Units: 353
- Landlord: Buckingham Companies
- Lender: ACRE
Key individuals and companies involved in this deal include brokers Sean Reimer, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Michael Ianno, and Stanley Cayre, all of whom represent Walker & Dunlop. This team coordinated the financing for the refinance of the 353-unit property known as Plat 10 at the Ranch community in Loveland, Colorado.
On the Map
$61,700,000
MultiFamily
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Players
Windsor 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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93