Bridge – Boulder, CO (20% Protected)

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Note Size: $1,449,000
> $1.0MM Remaining

2023CO435R

Note ID

3,251 SqFt

Size

8

Bedrooms

4

Bathrooms

Description

This renovated tri-plex was is on a stable bridge loan, this cash flowing rental property is in the highly in demand university town of Boulder, CO, (just down the road from Aloha’s headquarters). The borrowers are experienced real estate investors and one is also an active real estate agent. After fully leasing the property, the sponsors will refi into permanent debt.

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

Address

Address: 435 Manhattan Dr, Boulder, CO
  • Country: United States
  • Province / State: Colorado
  • Postal code / ZIP: 80303
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  • Note ID 2023CO435R
  • Price Note Size: $1,449,000
  • Property Type 2-4 Unit
  • Property status > $1.0MM Remaining
  • Bedrooms 8
  • Bathrooms 4
  • Year Built 1969
  • Size 3,251 SqFt
  • Land area 10,890 SqFt
  • Label Partial Note, Protected Note
  • Note Type Transactional Bridge
  • Participation - Annual Yield (%) 10%
  • Loan Maturity Date (MM/DD/YY) 11/02/24
  • Property Current Value ($) $2300000
  • Loan to Current Value (%) 70%
  • Loan to After Repair Value (%) 70%

Supporting Documents

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Sponsor & Guarantor

Jeff K. & Bianca G.

Coming Soon.
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