Sunday, July 16, 2017

HFF arranges $16.199 million acquisition financing for garden-style multi-housing community in Loveland, CO

The Buttes Apartments, Loveland, CO

 DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $16.199 million in acquisition financing for The Buttes, a 111-unit, garden-style multi-housing community in Loveland, Colorado.

HFF worked exclusively on behalf of Blueline Equity Partners to place the 10-year, fixed-rate loan with Freddie Mac’s CME Program.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.

Kristian LIchtenfels
The Buttes is located at 1391 N. Wilson Avenue just off U.S. Highway 34 and approximately six miles west of Interstate 25 in Loveland.  

The property provides access to nearby Denver, Fort Collins, Boulder and recreational activities in Rocky Mountain National Park, which is less than 30 miles west of the community.

 The Buttes comprises eight, three-story buildings with one- and two-bedroom units ranging from 808 to 1,101 square feet.  

The 98-percent-leased community features amenities, including a swimming pool with sundeck, grilling area, fire pit, 24-hour fitness center, clubhouse, resident lounge, entertaining kitchen and detached garages.

The HFF debt placement team representing the borrower was led by associate director Kristian Lichtenfels.

 Blueline Equity Partners (Blueline) is a Denver-based, full service private real estate investment firm specializing in acquisition, redevelopment, management and disposition of multifamily properties.  Founded in 2007, Blueline owns properties in Denver, Longmont, Loveland, Greeley, Evans, Colorado Springs, Fraser and Crested Butte.

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

Kristen M. Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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