Updated Dec 4, 2024
Two Arrows Group & LEM Capital Secure $11.9 Million Loan For Eastglen Apartments In Longmont CO
630 Lashley Street
$11,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 9, 2024
About this deal
AI
The asset involved in this transaction is a multifamily property located at 630 Lashley Street in Longmont, CO. The acquisition financing for this property was arranged to total $11,900,000 through a five-year, fixed-rate loan.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $11,900,000
- Loan Terms: five-year, fixed-rate loan
- Landlord: Two Arrows Group & LEM Capital
- Brokers: Brock Yaffe & Tony Nargi - JLL
This transaction highlights the collaboration between Two Arrows Group and LEM Capital as a joint venture for the acquisition of Eastglen Apartments. The financing was specifically arranged by JLL Capital Markets, emphasizing the strategic partnership and professional representation in the deal.
On the Map
$11,900,000
MultiFamily
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Players
Longmont 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
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93