DENVER, CO – November 28, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $9.52 million in financing for King Street Apartments, a newly built, 29-unit/94-bed apartment property net leased to Regis University in Denver, Colorado.

The HFF team worked exclusively on behalf of the borrower, a joint venture between Urban Fabric Denver and Slipstream Properties, to secure the 10-year, 4.56 percent, fixed-rate loan through a national bank.  The loan features two years of interest-only payments followed by a 30-year amortization schedule.  The borrower assembled the development site, secured a long-term net lease from Regis University and developed the property with Regis' input on property design and construction.

King Street Apartments consists of a five-story, podium-style building containing a total of 94 bedrooms and 94 bathrooms in a variety of one- through four-bedroom furnished floor plans with shared central living rooms and kitchens.  Unit amenities include quartz countertops, nine- and ten-foot ceilings, in-unit washers and dryers, and key fob entry.  Completed earlier this year, the Class A property features a courtyard, grilling area, fire pit, conference room and study areas and is equipped with 44 parking spaces, 42 of which are covered.

The property is located approximately four miles from downtown and just half of a block from Regis’ main campus at 4923-4935 King Street in Denver’s Berkeley neighborhood.  Situated north of the Lowell Boulevard exit off Interstate 70, the property provides easy access to dining and nightlife along Tennyson Street as well as numerous recreational activities, including Willis Case Golf Course, Rocky Mountain Lake Park, Berkeley Lake, Creekside Park, Inspiration Point Park, Sloan’s Lake Park, Berkeley Dog Park and Lakeside Amusement Park.

The HFF debt placement team representing the borrower included director Kristian Lichtenfels and associate Tyler Dumon.