ColRich paid $52.4 million for a 267-unit apartment property in Mesa, Arizona, and assumed a $39.28 million HUD loan, according to Commercial Real Estate Direct’s October 27 report.
The reported price equates to approximately $196,255 per unit. The assumed loan is approximately 75% of the purchase price. Both are calculations from the reported figures, not a property appraisal or a loan-to-value measure.
Subtracting assumed debt from price leaves $13.12 million before transaction costs and any other financing. That arithmetic gap does not establish the buyer’s equity contribution. The cited report does not establish the loan’s rate and remaining term here, so the financing advantage cannot be quantified from these figures alone.
Analysis: Evaluate the assumed loan’s actual terms alongside operating cash flow. A single transaction and financing balance do not establish a market-wide apartment valuation.
The reported price equates to approximately $196,255 per unit. The assumed loan is approximately 75% of the purchase price. Both are calculations from the reported figures, not a property appraisal or a loan-to-value measure.
Subtracting assumed debt from price leaves $13.12 million before transaction costs and any other financing. That arithmetic gap does not establish the buyer’s equity contribution. The cited report does not establish the loan’s rate and remaining term here, so the financing advantage cannot be quantified from these figures alone.
Analysis: Evaluate the assumed loan’s actual terms alongside operating cash flow. A single transaction and financing balance do not establish a market-wide apartment valuation.
Key Takeaways
- A buyer took over a $39.28M HUD loan to buy 267 Mesa apartments.
- $52.4M price, about $196,254 per unit
- Loan is about 75% of price (derived); rate and term not reported
Commercial Real Estate Direct, October 27, 2026, ColRich Pays $52.4Mln for Mesa, Ariz., Apartment Property, Assumes $39.28Mln HUD Loan: supports buyer ColRich, Mesa location, $52.4M purchase price, 267 apartments and $39.28M HUD loan assumption. Derived arithmetic: $52.4M / 267 = approximately $196,255 per unit; $39.28M / $52.4M = approximately 75% of price; price minus assumed loan = $13.12M, not confirmed equity. https://crenews.com/2026/10/27/colrich-pays-52-4mln-for-mesa-ariz-apartment-property-assumes-39-28mln-hud-loan/
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