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Grand Peaks Properties Inc. Secures $16.7M Refinancing For Edge DTC Multifamily In Denver
FINANCED
$16,700,000
Colorado
See Similar DealsMultiFamily
Financed 12/15/2023
FINANCED
Grand Peaks Properties Inc. Secures $16.7M Refinancing For Edge DTC Multifamily In Denver
7500 East Quincy Avenue
See Similar DealsMultiFamily
Financed 12/15/2023
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,700,000.00
Monthly NOI$111,333.33
Monthly Debt Service$105,555.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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