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| Charles Halladay |
IRVINE, CA – HFF announced today that it has arranged
financing and joint venture equity for One Dartmouth Place Apartments, a
418-unit garden-style multi-housing community in Denver, Colorado.
HFF secured a $24.64 million, 10-year, 4.09 percent
fixed-rate loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation)
CME Program. The securitized loan will
be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer
program.
HFF also arranged
joint venture equity for the project, which was provided from a family office
based in Southern California. The
capitalization will facilitate the implementation of an extensive renovation plan
for the property.
One
Dartmouth Place Apartments is located at 11100 East Dartmouth Avenue
approximately five miles northeast of the Denver Tech Center and is a 10-minute
walk from the RTD Nine Mile light rail station.
 |
| Brock Yaffe |
Situated on 10.6 acres, the property is 95 percent leased
and includes a mixture of studio, one- and two-bedroom units averaging 838
square feet each.
Community amenities include two heated swimming pools,
sauna, fitness center, indoor racquetball court, outdoor sport court,
playground, barbecue and picnic areas, a newly renovated clubhouse and
business/community service center.
The HFF debt placement team representing the borrower was
led by director Charles Halladay and associate director Brock Yaffe.
HFF director Mark Erland worked to secure the joint
venture equity along with associate director Brock Yaffe and director Jordan
Robbins.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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