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| Cottonwood Creek Apartments, 8801 West Belleview Avenue, Denver, CO |
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| Eric Tupler |
DENVER, CO – HFF announced today that it has arranged $12
million in financing for Cottonwood Creek Apartments, a 168-unit,
garden-style multi-housing community in Denver, Colorado.
HFF
worked exclusively on behalf of RedPeak Properties, LLC to secure the
five-year, 3.62 percent, fixed-rate loan through a national bank. Loan proceeds will refinance maturing debt
on the property.
Situated on approximately 7.3 acres, Cottonwood Creek is
located at 8801 West Belleview Avenue in Denver’s Lakewood-South
submarket.
The eight-building property is 98 percent leased and
includes one- and two-bedroom units averaging 771 square feet each. Community amenities include a clubhouse,
fitness center, picnic/barbecue area, cyber café, swimming pool and spa.
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| Josh Simon |
The HFF team representing the borrower was led by senior
managing director Eric Tupler, director Josh Simon and real
estate analyst Jared Buffington.
RedPeak Properties is a full-service apartment owner,
operator, developer and acquirer with an exclusive focus on Denver and
Colorado’s Front Range.
The company continually upgrades the value of its portfolio
through the thoughtful development, redevelopment and repositioning of its
assets.
RedPeak strives to provide distinctive, highly amenitized
residences close to key employment centers, public transportation and
entertainment districts.
RedPeak Properties’
portfolio is comprised of more than 2,000 units located in Capitol Hill, Cherry
Creek, City Park, Downtown Denver, Greenwood Village, Littleton, Northwest
Denver, Hilltop and Washington Park. www.redpeak.com.
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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