NewPoint Arranges $69M Refinance Loan For Multifamily Property In Westminster, CO
FINANCED
$69,000,000
Colorado
See Similar DealsMultiFamily
Financed 06/30/2022
FINANCED
NewPoint Arranges $69M Refinance Loan For Multifamily Property In Westminster, CO
8860 Westminster Boulevard, Westminster, Colorado 80031, United States
See Similar DealsMultiFamily
Financed 06/30/2022
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$69,000,000.00
Monthly NOI$460,000.00
Monthly Debt Service$436,126.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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