Updated Aug 25, 2026
Four Points Funding Secures $45.9 Million Loan For Two Multifamily Properties In Grand Junction CO
687 24 Road & 347 Eddy Drive
$45,900,000
Units
218
Asset Type
MultiFamily
Closing
Aug 20, 2026
About this deal
AI
The asset involved is a multifamily property located at 687 24 Road & 347 Eddy Drive in Grand Junction, Colorado. The property consists of a total of 218 units and falls under the Class A category. The loan amount secured for this property is $45,900,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $45,900,000
- Asset Address: 687 24 Road & 347 Eddy Drive
- Market: Grand Junction, CO
- Units: 218
- Landlord: Four Points Funding
- Broker: Kelley Klobetanz - Newmark
Kelley Klobetanz from Newmark represented Four Points Funding in the arrangement of the FHA-insured financing for the two multifamily properties. This financing encompasses both properties in Grand Junction, totaling 218 units, demonstrating a strategic investment approach in the market.
Players
Grand Junction 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93