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4900 Bowie Dr

Cantor Fitzgerald Secures $53.96 Million Loan From Freddie Mac For Multifamily Acquisition In Brighton
FINANCEDMultiFamily

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:

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

William Weber

Newmark

Broker

$9.6B

vol

49 deals

Broker
Freddie Mac
Freddie MacLender

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