By Adina Marcut
Coronado Crossing and Valley Park Village, two Denver communities, received $21.9 million in financing. HFF worked on behalf of Mountain View Capital LLC, a Boulder, Colo.-based firm, to secure the seven-year, floating-rate loans in two separate transactions through Freddie Mac’s CME Program.
Class C properties
Located at 7050 Pecos St., approximately 8.2 miles north of downtown Denver, Coronado Crossing is a 194-unit community consisting of five three- and four-story buildings offering one- and two-bedroom units averaging 527 square feet. According to Yardi Matrix, the Class C development was 93.8 percent occupied as of June and includes amenities such as a swimming pool, a tennis court, playground, four laundry facilities and a total of 244 parking spaces.
Valley Park Village features 14 one- and two-story buildings located at 645 Wolff St., near the northeast corner of Sheridan Boulevard and W. Sixth Ave., close to the light rail. The 236-unit property offers studios and one-, two- and three-bedroom units ranging in size from 480 to 900 square feet. Valley Park Village was 100 percent occupied as of June.
Images courtesy of Yardi Matrix