Simon Property Group Secures $93 Million Refinance Loan From Goldman Sachs For Colorado Mills
14500 West Colfax Avenue
$93,000,000
Building Size
—
Asset Type
Retail
Closing
Nov 5, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 14500 West Colfax Avenue, Lakewood, Colorado. A refinance loan amounting to $93,000,000 was secured for this property, which is part of the Colorado Mills shopping complex.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $93,000,000
- Lender: Goldman Sachs, German American Capital Corporation
- Landlord: Eli Simon - Simon Property Group
- Loan Type: Refinance
- Market: Lakewood, CO
- Note: $80 million from the loan is designated for securitization into CMBS.
The parties involved in this transaction include Eli Simon, who represents Simon Property Group, and the lenders Goldman Sachs and German American Capital Corporation. Their collaboration facilitated the refinancing process for the retail property in Lakewood, enhancing its financial structure and investment potential.
On the Map
$93,000,000
Retail
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Players
Lakewood Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93