Acquisition Bridge Loan for 6-Story Office Building in Denver

Funded by Archway Capital

$4,850,000

Deal Details

Private Loan Type

Purchase

Approx. Funding Date

08/15/2017

Property Type
Office
Property City

Denver

Property State

CO

Interest Rate

%

Origination Points

%

Deal Summary

In August 2017, Archway Fund funded a $4.85MM senior bridge loan for the purchase of a 64,000 square foot, 6-story, office building located in Denver, CO. Archway structured the deal with a quick close in order to execute on the Purchase Agreement. Subject property is located about 6 miles out from Downtown Denver and only 18 miles to Downtown Boulder. Purchase included a $2M Seller-Carry Back bringing the CLTV to 100%. Borrower chose Archway Fund due to their requirement for a lender with a non-bureaucratic approval process, quick closing and no appraisal required. The interest rate was 7.95% fixed, and the term is 24 months.

Funded By

Archway Capital

National Non-Recourse Bridge Loan & Equity Provider