Black Bear Capital Partners ("BBCP") Secures $12.29M Acquisition Financing for Denver Medical Office Portfolio
125 North Rampart Way
$12,290,000
$174/SF
Building Size
70,631 SF
Asset Type
Office
Closing
Feb 14, 2025
AI
The property asset involved in this transaction is a medical office located at 125 & 130 North Rampart Way in Denver, CO. The asset spans a total of 70,631 square feet and the loan amount secured for its acquisition is $12,290,000.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $12,290,000
- Loan Type: Acquisition
- Loan Terms: 2-year, floating rate loan with full term IO at 70% LTC
- Lender: AGP Capital
- Landlord: Echo Real Estate Capital
- Brokers: Matthew Stearns, Michael Bernstein & Zach Lutwak-Fitzgerald - Black Bear Capital Partners
Key individuals involved in this transaction include the lenders from AGP Capital, the landlord represented by Echo Real Estate Capital, and the brokers from Black Bear Capital Partners, specifically Matthew Stearns, Michael Bernstein, and Zach Lutwak-Fitzgerald, who facilitated the deal.
Players
Denver Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93