WASHINGTON, D.C. – November 20, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $31 million in financing for Province Springs, a 160-unit, 55+ age-restricted luxury independent living community in Colorado Springs, Colorado.

The HFF team worked exclusively on behalf of the borrower, Paxion Real Estate Holdings, an affiliate of The Wolff Company, to secure floating-rate bridge financing.  Loan proceeds were used to retire existing construction financing.

Province Springs is located at 2960 Tutt Boulevard just east of multiple retail and entertainment amenities along N. Powers Boulevard and just north of Peterson Air Force Base and Colorado Springs Airport.  Completed earlier this year, the property encompasses a mix of studio, one- and two-bedroom units averaging 810 square feet.  Units feature high-end finishes, including granite countertops, stainless steel appliances, tile backsplashes, Shaker-style cabinetry, floor-to-ceiling windows, plank flooring, custom walk-in closets, in-unit washers and dryers and private patios.  Province Springs also features best-in-class wellness services and community amenities, including a spa, fitness studio, full-service salon, indoor saltwater pool, putting green, dog park, club room, theater room, creative studio and state-of-the-art event space, as well as culinary experiences created by Chef Beau MacMillan, which are available in the property’s restaurants, private dining room or in-home.

The HFF team representing the borrower included directors Nicole Brickhouse and Leon McBroom.