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Draper And Kramer Inc Secures $31.73M Acquisition Loan For Centennial Multifamily

Property Image
FINANCED
$31,730,000

Colorado

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MultiFamily
Financed 08/16/2023
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Property Image
FINANCED

Draper And Kramer Inc Secures $31.73M Acquisition Loan For Centennial Multifamily

6465 South Xanadu Way Centennial, CO 80111, USA

See Similar Deals
MultiFamily
Financed 08/16/2023
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Summary

COLORADO
Asset Type:MultiFamily
Transaction Type:Loan

The 203-unit Wright apartment property located at 6465 South Xanadu Way in Centennial, Colorado has been acquired by Draper and Kramer Inc. The property is a multifamily asset and the transaction involved an acquisition loan. The loan amount for this transaction was $31,730,000 provided by Walker & Dunlop.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $31,730,000
  • Units: 203
  • Address: 6465 South Xanadu Way, Centennial, CO

Draper and Kramer Inc. secured the $31.73 million Fannie Mae financing package from Walker & Dunlop to support the acquisition of the Wright apartment property. Walker & Dunlop acted as the lender in this transaction, providing the necessary funds. Todd Bancroft, representing Draper and Kramer Inc., played a key role in the deal as the landlord.

Players

Walker & Dunlop
Walker & Dunlop
LENDER
TB
Todd Bancroft
6 deals$263.2M volume
LANDLORD

Details

FINANCED
IMAGE: Todd Bancroft DATE: 08/16/2023 ADDRESS: 6465 South Xanadu Way MARKET: Centennial, CO ASSET TYPE: Multifamily ~ UNITS: 203 LENDER: Walker & Dunlop LANDLORD: Todd Bancroft - Draper and Kramer Inc LOAN AMOUNT: $31,730,000 LOAN TYPE: Acquisition NOTE: Draper and Kramer Inc. has secured a $31.73 million Fannie Mae financing package from Walker & Dunlop to support its acquisition of the 203-unit Wright apartment property in Centennial, Colorado.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$31,730,000.00

Monthly NOI$211,533.33
Monthly Debt Service$200,555.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00