DENVER, CO – August 9, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $63 million in financing for HiLine at Littleton Commons, a 385-unit, Class A apartment community in the south Denver suburb of Littleton, Colorado.
Working exclusively on behalf of FMF Littleton LLC, the HFF team secured the five-year, 4.15 percent fixed-rate loan through a life company lender. Loan proceeds were used to recapitalize the deal and refinance existing construction financing. The loan featured full-term, interest-only, flexible prepayment and the ability to advance future loan proceeds at a future date.
Situated on 18.06 acres at 8300 Erickson, HiLine at Littleton Commons is in the Highlands Ranch/Lone Tree submarket south of Denver. The property is just off C-470 and near the Mineral Light Rail Station, which offers access to the Rocky Mountains, downtown Littleton and the Denver Tech Center. Completed in 2016, HiLine at Littleton Commons features a mix of one-, two- and three-bedroom units and a total of 620 parking spaces, including attached and detached garages. Community amenities include an outdoor pool, hot tub, tanning deck with cabanas, outdoor kitchen and grilling area, 24-hour fitness center, clubhouse, billiards table, business center and dog park with dog wash station.
The HFF debt placement team representing the borrower consisted of managing director Josh Simon.