Grand Peaks Properties Inc. Secures $16.7M Refinancing For Edge DTC Multifamily In Denver
7500 East Quincy Avenue
$16,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 15, 2023
AI
Grand Peaks Properties Inc. has secured $16.7 million in refinancing for Edge DTC, a 204-unit multifamily garden-style community located at 7500 East Quincy Avenue in Denver, CO. The property consists of 204 units and is situated in the Denver market.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $16,700,000
- Units: 204
- Address: 7500 East Quincy Avenue, Denver, CO
- Market: Denver, CO
The loan was provided by Brian Caudel and Allison Loftsgordon of Keybank Real Estate Capital, serving as lenders for the refinancing. Luke Simpson, representing Grand Peaks Properties Inc., acted as the landlord in the transaction. The loan terms include a 5-year, Fannie Mae loan.
Note: Grand Peaks Properties Inc. successfully obtained $16.7 million in refinancing for Edge DTC, a 204-unit garden-style community in Denver.
Players
Denver 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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93