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| 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.
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| 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 | www.hfflp.com
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