JLL Closes Loan for Northwest Denver Community
- Oct 15, 2019
JLL has secured a $14.7 million fixed-rate refinancing for Tennyson Place, an 81-unit community in Denver’s Berkeley neighborhood. The company’s Senior Director Brock Yaffe and Managing Director Josh Simon represented the borrower, Allante Properties.
Located at 3885 N. Tennyson St., approximately 3 miles from downtown Denver, the pet-friendly property provides quick access to several shopping, dining and entertainment venues located within walking distance.
Built in 2017, Tennyson Place features a mix of studio and one-bedroom units ranging from 365 to 769 square feet. Common-area amenities include an indoor/outdoor community room, business center, rooftop terrace, 24-hour fitness center, clubhouse, sky deck, pet spa, garage parking and 122 parking spaces. According to Yardi Matrix, the Denver multifamily property was 87.7 percent occupied and had an average rental rate of $1,569 as of September.
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