HFF arranges $45.65 million financing for Talavera Apartments in Denver, CO

240-Unit Talavera Apartments, 350 South Jackson Street, Denver, CO

DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announces it has arranged $45.65 million in financing for Talavera Apartments, a 240-unit, mid-rise multi-housing community located in Denver, Colorado.

Jim DiRienzio

HFF worked on behalf of the borrower, Denver-based Griffis Residential, to secure the 10-year, Fannie Mae Green Rewards loan through HFF’s risk-transfer joint venture with M&T Realty Capital Corporation.

The loan, which was used to fund the acquisition of the property, carries a 3.53% fixed interest rate with full-term interest-only payments.

Talavera Apartments is located at 350 South Jackson Street near Cherry Creek’s numerous high-end retail, dining and entertainment amenities. 

Eric Tupler

 Built in 2008, the property features a mix of studio, one-bedroom and two-bedroom units averaging 838 square feet.

Community amenities include a swimming pool and spa, covered parking, in-unit washers and dryers, stainless steel appliances and Amazon lockers. The property was more than 97% leased at closing.

“HFF has again proven to be a strong partner, working with Griffis Residential to secure financing for a high-quality asset in our latest real estate investment fund,” said Jim DiRienzo, senior vice president of acquisitions at Griffis Residential.

 “The apartment homes at Talavera, which has been renamed Griffis Cherry Creek, are primed for interior improvements and additional elements of our investment strategy, including enhanced resident experience, ancillary income initiatives, and management and service upgrades.”

Josh Simon

The HFF team representing the borrower was led by senior managing director Eric Tupler and managing director Josh Simon.

About Griffis Residential

With approximately $2 billion in multifamily assets, Griffis Residential is a vertically integrated multifamily real estate investment firm that owns and manages over 7,400 multifamily homes in thriving markets around the western U.S., including Denver, Austin, Seattle, Los Angeles and Las Vegas. 

 For more information, please visit https://griffisresidential.com/.

About M&T Realty Capital Corporation

M&T Realty Capital Corporation (www.mtrcc.com) is a wholly-owned commercial mortgage-banking subsidiary of Manufacturers and Traders Bank, better known as M&T Bank Corporation. 

Founded in 1856 in Buffalo, New York, M&T Bank Corporation (www.mtb.com) is a regional financial services company with more than $115 billion in assets. 

M&T is a community-focused bank that serves customers in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and Washington, DC through more than 750 branches, 1800 ATMs, and a variety of online and mobile services.

CONTACTS:

ERIC TUPLER

HFF Senior Managing Director

(303) 515-8000

etupler@hfflp.com

JOSH SIMON

HFF Managing Director

(303) 515-8000

jsimon@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3403

ohennessey@hfflp.com