Holliday Fenoglio Fowler, L.P. (HFF) has arranged $43.3 million in financing for the development of LYND @ Park 17, a mixed-use residential and retail project in the Uptown neighborhood of Denver, Colorado.
HFF worked on behalf of the borrower, LYND, to secure the construction loan through a regional bank.
LYND @ Park 17 will be situated on a one-acre site at the corner of Park and 17th Avenues to the east of downtown in Denver’s City Park West area. The centrally located site is bordered by Colfax Avenue (U.S. 287) and the Colorado State Capitol to the south and Saint Joseph Hospital, Presbyterian-St. Luke’s Medical Center and City Park to the north. The eight-story, podium-style project is due for completion in 2019 and will comprise 190 Class A residential units with approximately 12,000 square feet of ground-floor retail.
The HFF debt placement team representing the borrower was led by senior managing director Travis Anderson and managing director Josh Simon.