NewPoint Refinances Aspire Apartments In Westminster, CO For $68.75M With Landlord Sherman Associates

On February 9, 2022, a refinancing loan transaction took place for the Aspire Apartments located at 5850 Central Avenue in Westminster, CO. The multifamily property spans 300,000 square feet and comprises a total of 226 units. The loan amount for this transaction was $68,750,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $68,750,000
• Market: Westminster, CO
• Address: 5850 Central Avenue
• Asset Type: Multifamily
• Square Footage: 300,000
• Units: 226

The lender involved in this transaction was NewPoint Real Estate Capital, while the landlord was Sherman Associates. The brokers who represented the parties in this deal were Michael Campbell and Kyle Morque, both from The Carlton Group.

For any further information about this transaction, you can contact Michael Campbell from The Carlton Group at (212) 716-5611 or via email at [email protected].