Updated Mar 11, 2025
Northmarq Provides $480.5M Acquisition Loan For Centennial Multifamily Property
7700 East Peakview Avenue, Centennial, Colorado 80111, United States
$480,520,000
Units
304
Asset Type
MultiFamily
Closing
Oct 10, 2022
About this deal
AI
The multifamily property located at 7700 E Peakview Ave in Centennial, CO has been involved in a recent loan transaction. The property consists of 304 units and belongs to Griffis, who is the landlord. The loan, facilitated by northmarq''>Northmarq, was used for the acquisition of the property and amounted to $480,520,000.
Summary of transaction details
- Property Type: Multifamily (304 units)
- Loan Amount: $480,520,000
- Lender: Northmarq
- Landlord: Griffis
In this acquisition deal, Northmarq served as the lender, providing the necessary financing for the transaction. Griffis, the landlord, was the party responsible for acquiring the property. With 304 units, the multifamily property at 7700 E Peakview Ave in Centennial, CO presented an attractive investment opportunity.
Centennial 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
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93