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8860 Westminster Boulevard,...

NewPoint Arranges $69M Refinance Loan For Multifamily Property In Westminster, CO
FINANCEDMultiFamily

NewPoint Arranges $69M Refinance Loan For Multifamily Property In Westminster, CO

8860 Westminster Boulevard, Westminster, Colorado 80031, United States

$69,000,000

Building Size

Asset Type

MultiFamily

Closing

Jun 29, 2022

AI

An multifamily property located at 8860 Westminster Blvd in Westminster, CO has recently undergone a loan refinancing transaction. The property, pictured above, was refinanced for a loan amount of $69,000,000. The loan was obtained through the assistance of broker John Motzel from NewPoint. The transaction took place on June 30, 2022.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $69,000,000
  • Address: 8860 Westminster Blvd, Westminster, CO
  • Market: Westminster, CO

John Motzel from NewPoint played a crucial role in facilitating the loan refinancing for the aforementioned multifamily property. His expertise and representation were instrumental in securing the loan amount of $69,000,000. The successful transaction was completed on June 30, 2022.

Players

John Motzel

NewPoint Real Estate Capital

Broker

$69M

vol

1 deal

Broker
NewPoint Real Estate Capital
NewPoint Real Estate CapitalLender

Westminster MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93