Saturday, October 17, 2015

HFF secures $28.8 million financing for 5 Denver, CO apartment communities

1000 Grant Street Apartments, Capitol Hill Neighborhood, Denver, CO

Josh Simon
DENVER, CO – October 1, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $28.8 million in financing for five apartment communities totaling 220 units in downtown Denver’s Capitol Hill neighborhood.

Working on behalf of RedPeak Properties, HFF placed the financing in five separate transactions with a national bank.  The seven-year, 3.91 percent, fixed-rate loans were structured as individual loans on each property totaling $28.8 million in aggregate.

  Loan proceeds will be used to refinance existing debt and recover capital investments for the renovations of the properties.

Property Location  Total Units  Avg. Unit Size  Year Built/Renovated Occupancy
929 Marion Street               43 Units         405 SF   1955/2013    100%
970 Pennsylvania Street     32 Units         635 SF   1940/2015     94%
1000 Grant Street               86 Units         742 SF    1963/2014     94%
1075 Corona Street            36 Units         757 SF     1955/2015     86%
1145-1153 Ogden Street     23 Units         706 SF   2012 & 1896/2012  100%

Eric Tupler
The HFF debt placement team representing the borrower was led by Josh Simon and Eric Tupler.

 “HFF provided broad market coverage to ensure that we met our investment objectives. 

"The process was seamless and provided us with several attractive options to consider.  We look forward to working with HFF in the future as we continue to grow our portfolio,” said Bobby Hutchinson, Investment Director for RedPeak.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |


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