DENVER, CO – January 22, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces $47.175 million in financing for the development of Brickhouse at Lamar Station, a 293-unit, Class A apartment property in Lakewood, Colorado.

The HFF team worked exclusively on behalf of Riverpoint Partners and Iron River Management, LLC to secure the 15-year construction-to-permanent loan through a correspondent insurance company lender.  The loan includes three years of interest-only, which is followed by a 35-year amortization schedule.  The financing represents 65 percent of the anticipated total project costs and features the potential for additional loan proceeds upon stabilization.

Brickhouse at Lamar Station will be located on a 3.75-acre site at 6300 W. 13th Avenue within walking distance to the Lamar Station light rail stop.  The property will total four floors above ground and one level of underground parking.  Brickhouse at Lamar Station, which will consist of units averaging 748 square feet, is designed to include unparalleled amenities and finishes compared to existing properties in the area, including stainless steel appliances, granite and quartz countertops, washers and dryers, wood flooring, and balconies or patios.  Common area amenities include a swimming pool, two spacious interior courtyards, fire pits, grilling stations, a large community room, 24-hour fitness center, yoga studio, top-floor club room, business center and pet spa.  Completion is expected in mid-2020.

The HFF debt placement team representing the borrower consisted of managing director Josh Simon and director Kristian Lichtenfels.