DENVER – JLL announced today that it has arranged $40.27 million in financing for Palisade Park, a 216-unit, garden-style apartment community in the north Denver suburb of Broomfield, Colorado.

JLL worked exclusively on behalf of Jeffrey Sanders of Boulder, Colorado-based Mountain View Capital, LLC to secure the 10-year, fixed-rate loan through Freddie Mac. The loan will be serviced by Holliday Fenoglio Fowler LP, a JLL company and a Freddie Mac Optigo℠ lender. Loan proceeds refinanced an existing Freddie Mac loan originated in 2018.

Completed in 2017, Palisade Park is fully stabilized and comprises one-, two- and three-bedroom units ranging from 731 to 1,247 square feet. The property is located at 16815 Huron Street, which allows for easy access to employment centers and recreational destinations in and around Denver and Boulder. The property encompasses 14,500 square feet of indoor and outdoor amenity space featuring a beach-style pool with sundeck and spa; pergola with gas grills and fire pit; 24-hour fitness center; clubhouse with billiards, Wi-Fi lounge, media center and business room; dog wash and dog park; playground; and detached garages.

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

DENVER, CO – December 21, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $30.777 million in financing in two separate transactions for two Denver multi-housing communities; Estrella Apartments and The Avalon.

The HFF team worked on behalf of the borrower, Mountain View Capital, LLC, to secure the seven-year, floating-rate loans through Freddie Mac’s CME Program.  A $13.275 million loan was arranged for Estrella Apartments and a $17.502 million loan was placed on The Avalon.  Both securitized loans are refinancing existing Freddie Mac loans and will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans. The borrower refinanced with a float-to-float strategy to recapture some trapped equity created by the significant renovations conducted at each property while also allowing for continued loan flexibility and additional interest only amortization.

Estrella Apartments comprises 194 units located at 7050 Pecos Street.  The Avalon is located at 629-645 Wolff Street and consists of 235 units.  Both properties have been renovated within the last year, each at least receiving over $2MM in renovations. The roofs at each property have been replaced, both properties have had the exteriors repainted, grounds have been improved with extensive interior unit renovations as well.

The HFF debt placement team representing the borrower included managing director Josh Simon and director Kristian Lichtenfels.

DENVER, CO – September 11, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $37.525 million in financing for Thistle Sage, a 418-unit, garden-style multi-housing community in Northglenn, Colorado.

Working exclusively on behalf of Jeffrey Sanders of Boulder, Colorado-based Mountain View Capital, LLC, the HFF team secured the seven-year, fixed-rate loan through Freddie Mac’s CME Program.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans. Loan proceeds were used to acquire the property and featured flexible prepayment and two years of interest-only amortization.

Thistle Sage comprises 10 four-story residential buildings containing a mix of one- and two-bedroom units averaging 566 square feet.  Located just east of Interstate 25 at 11801 Washington Street, the property is approximately 13 miles north of the Denver CBD and near multiple retail amenities.  The 9.7-acre community features two heated swimming pools, a grilling area, playground and more than 500 open parking spaces.  Thistle Sage was nearly 95 percent occupied at closing.

The HFF debt placement team representing the borrower consisted of managing director Josh Simon and director Kristian Lichtenfels.

“It is always a pleasure to work with the HFF team,” Sanders said.  “Their consistently flawless execution is a true asset when acquiring properties in the current competitive environment.”