HFF Lends a Helping Hand in Denver
- Oct 30, 2015
Denver—A 127-unit apartment community near Regis University in Denver has landed $19.25 million in financing with the help of HFF.
HFF placed the 10-year, 2.66 percent, floating-rate Fannie Mae loan with M&T Realty Capital Corp. Loan proceeds were used to acquire the property—Green Leaf at Regis—on behalf of the borrower, Fifteen Group of Miami.
Located at 4703 W. 52nd Ave., adjacent to the Willis Case Golf Course, the 13-building, garden-style apartment community dubbed Green Leaf at Regis totals 128,862 rentable square feet on 5.99 acres. The community includes 127 two-, three- and four-bedroom units averaging 1,015 square feet each, and is conveniently located less than a mile from Regis University. Amenities include two swimming pools, a spa, 300 parking spaces, and a stand-alone rental office, according to data from Yardi Matrix.
An HFF debt placement team led by Senior Managing Director Eric Tupler represented Fifteen Group in the transaction.
“The property’s direct access to Regis University along with being positioned in the path of growth immediately north of the highly popular Berkeley and Highlands neighborhoods provided added appeal to lenders and their potential future upside,” Tupler said.
Image courtesy of Yardi Matrix