$7.2M Refinancing for 118-Unit Multifamily in Aurora
Denver, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced that it has secured a $7.2 million refinancing for Shadow Tree Apartments, a 118-unit multi-housing community in the Denver suburb of Aurora, Colorado.
HFF worked on behalf of Vukota Capital Management to secure the 10-year, 3.91 percent fixed-rate loan through 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.
Shadow Tree Apartments is located at 1800 Billings Street in the Aurora Village submarket. The property is just off of Interstate 225 providing access to Interstates 25 and 70 and the Denver metropolitan area. Additionally, Shadow Tree Apartments is strategically located within two miles of Anschutz Medical Center, home to the University of Colorado Hospital and Fitzsimmons Army Hospital. The two, three-story residential buildings are 94 percent occupied.
The HFF debt placement team representing the borrower was led by managing director Josh Simon and associate director Brock Yaffe.
Image courtesy of HFF