HFF secures $13.75 million mezzanine loan for Denver multi-housing project

Prospect Park randering, Denver, CO

INDIANAPOLIS, IN – HFF announced today that it has secured $13.75 million in mezzanine financing for Prospect Park, a to-be-built, 296-unit multi-housing project in Denver, Colorado.

Dave Keller

                Working on behalf of Edwards Companies, based out of Columbus, Ohio, HFF placed the mezzanine loan with Behringer Harvard Opportunity REIT II, Inc.  Mezzanine loan proceeds will be used in conjunction with a construction loan to finance construction of the project.

                Upon completion in the third quarter of 2014, Prospect Park will have studio, one-, two- and three-bedroom units within a five-story, 300,000-square-foot building built over a 350-stall parking garage. 

Community amenities will include a two-story community center with a café and lounge area, billiards and a business center, roof top community space, multiple courtyards including social spaces and a splash pool. 

Ken Martin

The property is situated on 2.6 acres at 2970 Huron Street in the Prospect Park neighborhood of Denver just blocks from the Union Station redevelopment and adjacent to Coors Field. 

The HFF team representing Edwards Companies was led by senior managing director Dave Keller and associate director Ken Martin.

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

Olivia Hennessey

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com