DENVER, CO – November 6, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $55.2 million in financing Advenir at French Quarter, a 436-unit multi-housing community in Denver, Colorado.
The HFF team worked on behalf of the borrower, Advenir, Inc., to secure the seven-year, fixed-rate loan through Freddie Mac’s CME Program. The securitized loan was used to refinance existing floating-rate debt on the property, and will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.
Advenir at French Quarter consists of 436 one- and two-bedroom floorplans within 26 three- and five-story residential buildings. Located at 3227 South Parker Road, the 95.14-percent-leased property is five miles northeast of the Denver Tech Center, which contains 9.4 million square feet of office space. Advenir at French Quarter is also within walking distance to the light rail and major transit corridors, including Interstate 25 and 225. Community amenities include an outdoor pool, sports field, tennis courts, playground, bark park, fitness center and espresso café.
The HFF team representing the borrower included senior managing director Eric Tupler and managing director Josh Simon.