HFF Secures Sale, Financing of 156 Colorado Apartments
- May 09, 2016
Denver—HFF has recently closed the sale of and secured acquisition financing for a 156-unit multifamily community in Henderson, Colo.
Working on behalf of an undisclosed real estate investment trust, HFF sold the Adams County asset to Hamilton Zane for $23 million, free and clear of debt. An HFF debt placement team led by Associate Director Tyler Ford and Senior Managing Director Matt Kafka assisted the new owner in securing an $18.2 million, 10-year, fixed-rate loan through Freddie Mac’s CME Program. The HFF investment sales team representing the seller was led by Managing Director Jordan Robbins and Associate Director Jeff Haag.
Located at 10754 Belle Creek Blvd. within the 171-acre Belle Creek master-planned community, the transit-oriented community incorporates 156 one-, two- and three-bedroom apartments and 6,256 square feet of ground-floor retail. Belle Creek Apartments offers access to the RTD Highway 85-East, 104th Ave. bus stop and major thoroughfares including Highway 85, E-470 and Interstate 76.
Image via Google Street View