Updated Aug 25, 2026
Gantry Secures $24.4 Million Loan For Construction Of The Edison At Chapel Hills Multifamily
970 Menlo Park Point
$24,400,000
Units
171
Asset Type
MultiFamily
Closing
Aug 24, 2026
About this deal
AI
The Edison at Chapel Hills is a multifamily property located at 970 Menlo Park Point in Colorado Springs, CO. This asset encompasses 171 units on a total of 7 acres. The property is part of the Briargate neighborhood, making it a notable addition to the area.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $24,400,000
- Loan Amount: $24,400,000
- Loan Type: Construction
- Loan Date: 08/24/2026
- Brokers: Joe Monteleone & Bonnie Monteleone - Gantry
Gantry facilitated the construction financing for The Edison at Chapel Hills by securing a 10-year non-recourse, fixed-rate Freddie Mac loan. This financing played a crucial role in the development of the multifamily property in the Colorado Springs market.
Players
Colorado Springs 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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93