Cantor Fitzgerald Secures $53.96 Million Loan From Freddie Mac For Multifamily Acquisition In Brighton
4900 Bowie Dr
$53,960,000
$190/SF
Building Size
283,000 SF
Asset Type
MultiFamily
Closing
Dec 4, 2024
AI
The property asset involved in this transaction is a multifamily building located at 4900 Bowie Drive in Brighton, CO. It encompasses a total square footage of 283,000 and consists of 336 units. The loan amount for this asset is $53,960,000, specifically designated for acquisition financing, structured with a 7-year term, a 118 spread, and full term interest-only payments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $53,960,000
- Address: 4900 Bowie Drive
- Market: Brighton, CO
- Asset Size: 283,000 SF
- Units: 336
- Lender: Freddie Mac
- Landlord: Cantor Fitzgerald
- Brokers: Ari Schwartzbard, William Weber, Henry Stimler, Matthew Mense, Ricky Warner, & Daniel Sarsfield - Newmark
- Loan Type: Acquisition
- Loan Terms: 7yr Term | 118 Spread | Full Term IO
The deal's key individuals include the brokers who facilitated the transaction: Ari Schwartzbard, William Weber, Henry Stimler, Matthew Mense, Ricky Warner, and Daniel Sarsfield, representing Newmark in the agreement. They played a pivotal role in securing the terms and coordinating between the involved parties for this multifamily property acquisition.
Players
Brighton 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93