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| Pamela Koster |
DENVER, CO, Jan. 4, 2021 – JLL Capital Markets announced today that it has closed the $154.05 million sale and arranged $103 million in acquisition financing for the Bell Summit at Flatirons (“Bell Summit”) multi-housing property located in Broomfield, one of the fastest-growing suburbs in the Denver metro area.
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| Jordan Robbins |
JLL worked on behalf of the seller, Bell Partners, to complete the sale to the buyer, an affiliate of Treeline Multifamily Partners Ltd. JLL also worked on behalf of the borrower to secure the seven-year loan through Freddie Mac.
The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender.
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| Josh Simon |
Bell Summit at Flatirons was built in 2004 and consists of 500 one- and two-bedroom units offering spacious floorplans.
In 2016, the property underwent more than $13 million in unit and common area renovations.
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| Robert (Rob) Bova |
The JLL Capital Markets team representing the seller was led by Managing Directors Jordan Robbins and Pamela Koster.
The JLL Capital Markets team representing the buyer was led by Managing Director Josh Simon and Director Rob Bova.
CONTACT:
Natalie Passarelli
JLL Senior Associate
Public Relations
Phone: +1 224 477 7307
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