HFF Facilitates $45M Financing in Denver
- Aug 05, 2016
Denver—HFF has recently secured $45 million in financing for 360º, a 304-unit apartment community in Centennial, Colo., a southeastern suburb of Denver.
Working on behalf of an undisclosed institutional investor, HFF placed the seven-year, 2.98 percent fixed-rate loan with a life company lender. The HFF debt placement team representing the borrower was led by Senior Managing Director Travis Anderson and Managing Director Josh Simon.
Situated on 3.9 acres at 7700 E. Peakview Ave., 360º incorporates two four- and five-story apartment buildings, alongside a 439-space parking garage. The asset is conveniently located just west of the I-25, providing easy access to the Denver Tech Center, Greenwood Plaza and the Arapahoe at Village Center light rail station.
The 304-unit community offers a plethora of amenities, including a resort-style swimming pool and hot tub, rooftop lounge and resident clubhouse, courtyard with grilling areas, fitness center, business center, library, dog washing station and bike repair workshop. The studio, one- and two-bedroom units feature granite countertops, stainless steel appliances, bathtubs and stand-up showers, wood-style plank flooring, oversized windows and in-unit washers and dryers. The development was completed in two phases in January 2015 and January 2016.
Rendering courtesy of JG Johnson Architects via the 360º Facebook page