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
Westminster 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93