HFF Finances 2 Denver Communities
Working on behalf of Mountain View Capital LLC, HFF secured the financing for Coronado Crossing and Valley Park Village. The Denver properties feature 430 units in total.
By Adina Marcut
Coronado Crossing
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 propertiesÂ
Valley Park Village
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
