DALLAS, TX – HFF announced it has secured a $44.5 million financing for Lugano Cherry Creek (top left photo), a 328-unit, Class A multi-housing community in Denver, Colorado.
HFF worked on behalf of the owner, a fund managed by GenCap Partners, Inc., to secure the two-year, adjustable-rate loan through GE Capital Real Estate.
Lugano Cherry Creek is located on the northwest corner of East Iliff Avenue and South Emporia Street in the East Cherry Creek submarket of Denver.
The community is comprised of two four-story buildings that include ground-floor retail and structured garage parking. Units include one-, two and three-bedroom options averaging 1,025 square feet each.
Currently more than 90 percent occupied, the community offers amenities such as courtyards, 1.5 acres of green space, club room with gaming and lounge area, resort-style swimming pool with heated sun deck and views of the Rocky Mountains.
The HFF team representing the borrower was led by senior managing director John Brownlee (middle right photo) and managing director Andy Scott (lower left photo)along with senior managing director Eric Tupler and directors Josh Simon and Brock Cannon of the Denver office of HFF.
For a complete copy of the company’s news release, please contact:
JOHN S. BROWNLEE
HFF Senior Managing Director
(214) 265-0880
MYRA F. MOREN
HFF Director, Marketing
(713) 852-350
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