Updated Oct 13, 2026
Dunn & Associates & Denver Land Co Secures $48 Million Loan From Jonathan Pomper & Jack Tawil In Colorado Springs
710 East Pikes Peak Avenue
$48,000,000
Units
215
Asset Type
MultiFamily
Closing
Aug 8, 2025
About this deal
AI
The Plaza at Pikes Peak is a multifamily property located at 710 East Pikes Peak Avenue in Colorado Springs, CO. The complex consists of 215 units and was refinanced for a total loan amount of $48,000,000. It holds a green certification, which allows it to qualify for a lower mortgage insurance premium.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $48,000,000
- Market: Colorado Springs, CO
- Lender: Jonathan Pomper & Jack Tawil - Dwight Capital
- Landlord: Dunn & Associates & Denver Land Co.
Dunn & Associates and Denver Land Co. secured HUD-backed debt via Dwight Capital to refinance the property, further enhancing their portfolio within the multifamily market in the region.
On the Map
$48,000,000
MultiFamily
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Players
Colorado Springs 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93