Berkadia Secures $81.23M Equity Loan In Denver Multifamily Transaction
FINANCED
$81,230,000
Colorado
See Similar DealsMultiFamily1,130,000 SF
Financed 03/29/2024
FINANCED
Berkadia Secures $81.23M Equity Loan In Denver Multifamily Transaction
64th Avenue, Denver & Dunkirk Street
See Similar DealsMultiFamily1,130,000 SF
Financed 03/29/2024
Summary
COLORADO
Asset Type:MultiFamily
Price Per Square Foot:$71
Total Square Footage:1,130,000 SF
Transaction Type:Loan
The property at 64th Avenue & Dunkirk Street in Denver, CO, is a multifamily asset with 578 units spanning over 565,000 square feet. The loan amount secured for this property is $81,230,000 in the form of joint venture equity.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $81,230,000
- Market: Denver, CO
- Lender: MBK Rental Living
- Landlord: Trammel Crow Residential
- Brokers: Chinmay Bhatt, Noam Franklin & Cody Kirkpatrick - Berkadia
The team at Berkadia JV Equity & Structured Capital, represented by Noam Franklin, Cody Kirkpatrick, and Chinmay Bhatt, has actively engaged with institutional investors globally. Following their international partnership with Knight Frank in 2023, they have traveled extensively to meet with investors in Japan, South Korea, Hong Kong, Singapore, United Arab Emirates, Kuwait, and the UK.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$81,230,000.00
Monthly NOI$541,533.33
Monthly Debt Service$513,428.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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