Hamilton Zanze & Company Acquires Multifamily Property In Colorado Springs For $110.1M

The property involved in this closed transaction is a multifamily asset located at 1203 Affirmed View in Colorado Springs, CO. The property spans across an unspecified number of acres. The buyer, Hamilton Zanze & Company, acquired the property from the seller, Continental Properties Company, Inc. The deal was facilitated by brokers Nick Steele, John Laratta, Nate Moyer, and Tyler King from Berkadia. The sale price for the property was $110,088,000, with a total of 264 units. This translates to a price per unit (PPU) of $417,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $110,088,000
• Address: 1203 Affirmed View
• Market: Colorado Springs, CO
• Buyer: Hamilton Zanze & Company
• Seller: Continental Properties Company, Inc
• Brokers: Nick Steele, John Laratta, Nate Moyer, and Tyler King - Berkadia
• Units: 264
• Price Per Unit (PPU): $417,000

The lender for this transaction was Freddie Mac, and the mortgage broker involved was Clay Akiwenzie from Berkadia. The loan amount provided was $58,145,000, and it was classified as permanent acquisition financing.