DENVER — March 22, 2022 — Berkadia Institutional Solutions announced today the sale of and financing secured for Vistas at Jackson Creek, a 267-unit garden-style multifamily property located in Monument, Colorado. Senior Directors Nick Steele and John Laratta, Director Tyler King and Associate Director Nate Moyer of Berkadia Denver completed the $97 million sale on behalf of the seller. The buyer was Pennsylvania-based Equus Capital Partners Ltd.
“The fundamentals of Colorado Springs have been among the best in the country over the last several years and as such, Vistas at Jackson Creek attracted some of the largest capital groups in the country,” said Steele. “This is the largest multifamily transaction ever in Colorado Springs. It is also record pricing for the market.”
Director Jeremy Lynch of Berkadia Philadelphia secured the $72.75 million in acquisition financing on behalf of the buyer. The five-year floating-rate loan was financed through a Canadian investment fund manager and features full-term interest only and flexible prepayment.
Located at 16112 Old Forest Point, Vistas at Jackson Creek features one-, two- and three-bedroom floor plans with walk-in closets and in-unit washers and dryers. Community amenities include a swimming pool, a fitness center, a business center, a clubhouse, a dog park and a playground. The property affords residents convenient access The Country Club at Woodmoor and the shops and restaurants near Jackson Creek Parkway and Interstate 25.
Berkadia Arranges $72.75 Mln Loan Against Monument, Colo., Apartments | CRE Direct