Athletic Club Refinance - Greenwood Village, CO
$12,000,000 loan arranged by PlattPointe Capital.
GREENWOOD VILLAGE, CO – PlattPointe Capital arranged the refinancing of a $12,000,000 loan for Club Greenwood (formerly Greenwood Athletic Club) located at 5801 S. Quebec St, Greenwood Village, CO. The expansive 153,000 square foot, 33-year-old athletic and tennis club is Denver’s preeminent full-service health club offering indoor cycling, swimming, tennis, Pilates, Thermal Yoga, basketball, weight training and many other activities, and recognized as one of “America’s Best Gyms” by Fitness Magazine. The mechanics of the loan collateralization were complex to navigate and negotiate due to the metropolitan district that was set up when the club was built in 1987. PlattPointe overcame the financing hurdles and arranged a regional bank to meet the closing deadline for the Sponsor.
• 10-year term
• Sub-3% rate
• Positive tax implications
About PlattPointe Capital:
PlattPointe Capital LLC is a boutique commercial real estate capital advisory firm that helps developers and investors navigate the capital markets by arranging optimal alternative debt and equity options for a client’s project. Our vision is to engineer the most efficient capital stack based on the constraints of a given project and sponsor’s needs.
More information can be found at www.plattpointe.com.
For any inquiries nationwide, please contact:
Creighton Bildstein | 303.589.4258 | email@example.com
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