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Gary Katz Of Presidio Property Trust Refinances One Park Center Office In Westminster For $6.1M
FINANCED
$6,100,000
Colorado
See Similar DealsOffice
Financed 09/04/2025
FINANCED
Gary Katz Of Presidio Property Trust Refinances One Park Center Office In Westminster For $6.1M
1333 West 120th Avenue
See Similar DealsOffice
Financed 09/04/2025
Summary
COLORADO
Asset Type:Office
Transaction Type:Loan
The property involved in this transaction is an office asset located at 1333 West 120th Avenue, Westminster, CO. The loan amount secured for this refinance transaction is $6,100,000. The asset is part of One Park Center, which is under the ownership of Presidio Property Trust.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,100,000
- Landlord: Gary Katz - Presidio Property Trust
- Loan Type: Refinance
- Interest Rate: 6.83%
- Loan Duration: Five years
- Payment Structure: Six months of interest-only payments
- Prepayment Penalty: None
- Closing Date: September 4, 2025
This refinancing deal was facilitated by Gary Katz, representing Presidio Property Trust, marking a significant financial maneuver for the company in managing its office property portfolio.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,100,000.00
Monthly NOI$40,666.67
Monthly Debt Service$38,556.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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