Bridge – Longmont, CO (20% Protected)

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Note Size: $3,300,000
> $2.0MM Remaining

2022CO18MFR

Note ID

24,048 SqFt

Size

Description

This is a loan on a completed rehab of a multifamily apartment complex in Longmont, CO. The property is currently listed for sale at $5,400,000.00.  https://www.loopnet.com/Listing/18-Ash-Ct-Longmont-CO/29921433/

Aloha Capital is protecting 20% first loss on this note.

Address

Address: 18 Ash Ct
  • Country: United States
  • Province / State: Colorado
  • Postal code / ZIP: 80503
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  • Note ID 2022CO18MFR
  • Price Note Size: $3,300,000
  • Property Type Apartment / Multifamily
  • Property status > $2.0MM Remaining
  • Year Built 1970
  • Size 24,048 SqFt
  • Label Partial Note, Protected Note
  • Note Type Fix & Flip
  • Participation - Annual Yield (%) 10%
  • Loan Maturity Date (MM/DD/YY) 12/13/2024
  • Property Current Value ($) $5,400,000
  • Loan to Current Value (%) 61% of List

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Sponsor & Guarantor

Jason K.

An experienced real estate investor and partner of a nationwide, commercial real estate brokerage.
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