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| Lakeview Apartments, 3701 West 68th Avenue, Westminster, CO |
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| Brock Yaffe |
DENVER, CO – HFF announced today that it has arranged
$26.368 million in financing for BMC Investments to acquire Lakeview
Apartments, a 504-unit, garden-style apartment building in Westminster,
Colorado.
HFF worked on behalf of BMC Investments (BMC) to place a
$26.368 million, 10-year (three years interest only), 3.65 percent, fixed-rate
loan for Lakeview Apartments 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.
Lakeview Apartments, at 3701 West 68th Avenue, is situated
on 15.12 acres at the intersection of West 68th Avenue and Lowell Boulevard
within three blocks of a to-be-built light rail station in Westminster, Colorado,
a town less than 10 miles north of downtown Denver.
The property is composed of 12 four-story buildings with an
average unit size of 836 square feet.
HFF’s debt placement team was led by associate director Brock
Yaffe and real estate analyst Kristian Lichtenfels.
“HFF provided the most competitive financing terms available
in the market in a streamlined and efficiently managed process resulting in a
successful closing,” said Matt Joblon, CEO of BMC.
For a complete
copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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