DENVER – JLL announced today that it has arranged $14.7 million in financing for Tennyson Place, an 81-unit apartment community located in Northwest Denver’s coveted Berkeley neighborhood.

JLL worked on behalf of the borrower, Allante Properties and Investments, to secure the fixed-rate balance sheet loan. Loan proceeds were used to refinance an existing loan.  

Tennyson Place is located at 3885 N. Tennyson along Berkeley’s main retail corridor, which provides residents with access to all of the area’s parks, shops, restaurants and live music venues. In addition, the property is conveniently located approximately three miles northwest of employers in Downtown Denver. Completed in 2017, Tennyson Place consists of a mix of studio and one-bedroom apartments ranging from 365 to 769 square feet. Community amenities include an indoor/outdoor community room, business center, 24-hour fitness center, sky deck, pet spa and garage parking.

The JLL Capital Markets team representing the borrower was led by Senior Director Brock Yaffe and Managing Director Josh Simon.

“We are extremely happy to have completed this transaction and everyone on the team performed spectacularly,” said Daren Schmidt, Managing Partner of Allante Properties and Investments. “We look forward to holding the asset for the coming years and are very proud of what we have accomplished at Tennyson Place. Thank you to everyone involved, and we look forward to the next transaction.”

DENVER – JLL announced today that it has arranged $8.37 million in acquisition financing for Chateau Park Apartments, a 71-unit, value-add, garden-style apartment community located near downtown Boise, Idaho.

JLL worked on behalf of the borrower, Allante Properties and Investments, to place the floating-rate bridge loan. Loan proceeds will be used to fund the acquisition and subsequent renovation of both unit interiors and the exterior of the property. 

Chateau Park Apartments is situated at 333 S. Elm Street in Boise’s vibrant East Boise neighborhood. Residents are approximately one-half mile from downtown Boise and within walking distance to the Boise River Greenbelt, multiple parks, St. Luke’s Medical Center and Boise State University. Completed in 1973, Chateau Park Apartments offers a mix of one-, two- and three-bedroom units that average 913 square feet. The borrower plans on performing a full interior renovation of all the units, including bathroom and kitchen upgrades. The borrower is also planning extensive external renovations, including updating the leasing center, clubhouse, laundry facilities, landscaping, outdoor pool and other common areas. Additional property amenities such as barbeque grills and bike racks will be installed.

The JLL Capital Markets team representing the borrower was led by Senior Director Brock Yaffe.

“We’re excited to close the first of many acquisitions in the Boise market,” said Jordan Meylan, director of Finance and Acquisitions for Allante Properties and Investments. “Not only are the fundamentals very attractive from an investment standpoint, we continue to forge high quality relationships with real estate and construction professionals. 

"Brock Yaffe and the JLL team advised us brilliantly and sourced very attractive bridge financing for us to execute on the acquisition and renovation of the asset,” Meylan continued. “Tanner Leighton with The Mike Brown Group represented us on the transaction and has been instrumental in connecting us with the right ‘boots on the ground’ in Boise. We have several other opportunities we’re presently pursuing – both value-add and ground-up – and look forward to future successful projects for Allante Properties and Investments and our strategic partners.”