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| Jennifer L. Keller |
NEW YORK, NY – HFF announced today that it has secured $40 million in
financing for Broadstone Gardens at
Cherry Creek, a 191-unit, Class A apartment community in Denver’s Cherry
Creek area.
Working on behalf of institutional investors advised by J.P. Morgan Asset
Management, HFF placed the short-term, floating-rate loan with Wells Fargo.
Completed in 2014, Broadstone Gardens at Cherry Creek is a LEED Gold property
located on the southwest corner of Harrison Street and East Cedar Avenue within
walking distance to Cherry Creek Mall and the Cherry Creek North shopping
district.
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| Mike Tepedino |
The property has one-, two- and three-bedroom floor plans
averaging 991 square feet each.
Community amenities include a clubhouse
with conference room and kitchen, coffee bar, resident gardening plots,
electric car charging station, fully-equipped fitness center with CrossFit
Studio, outdoor grills, resort-style swimming pool, rooftop lounge and an
on-site recycling program.
The HFF debt placement team
representing the borrower was led by senior managing directors Mike Tepedino and Eric Tupler, director Jennifer
Keller and associate director Leon
McBroom.
 |
| Eric Tupler |
“The property’s quality and location in
the heart of Cherry Creek, Denver’s premier residential neighborhood, generated
very strong lender interest in the financing, despite the property still
undergoing full stabilization,” said Tupler.
For a complete
copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston,
Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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