Monday, October 2, 2017

$11.1M financing for 209-unit multi-housing community in Colorado Springs, CO announced by HFF


Brock Yaffe

DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $11.1 million financing for Peak 4420, a 209-unit, garden-style multi-housing community in Colorado Springs, Colorado.

Working on behalf of POV Investment Group, LLC, an affiliate of Radford Investment Properties, the HFF team placed the 10-year, non-recourse, fixed-rate loan with 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.  Loan proceeds will be used to pay off an existing Freddie Mac loan that the HFF team arranged in 2015.

Peak 4420 is located at 4420 East Pikes Peak Avenue to the east of downtown Colorado Springs and near major thoroughfares, including State Highway 24, Route 21 and Interstate 25, providing convenient access to the area’s core employment centers.

 The seven-building property is 96.65 percent occupied and features studio, one- and two-bedroom units ranging from 520 to 750 square feet.  Community amenities include a swimming pool, dog park and playground.

The HFF debt placement team representing the borrower included director Brock Yaffe.

“Radford has now closed several loans with HFF, and we have always been very pleased with their efficiency and ability to hold the agreed upon loan terms,” stated a representative from Radford.  “We were able to lock-in an outstanding long-term fixed rate even in this low interest rate environment, all whilst their Houston office was dealing with a devastating hurricane.  We couldn’t be happier with the result.”

 For more information on this press release, please contact:

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com


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