Speculative Mixed-Use Project in Boulder Receives Construction Financing
Developer, Phil Day of PMD Realty has received construction financing for the redevelopment of 1102 Pearl Street, in Boulder. The 3-story mixed-use project will consist of 17,961 rentable square feet, featuring ground floor retail, office use on the second floor, and luxury multifamily rental units on the third floor. The corner development …
Cypress Real Estate Advisors to Develop Upscale Apartment Community in Denver
Cypress Real Estate Advisors (“CREA”) has received $67 million for the construction of The Cameron, an upscale apartment community located at 4545 E. Warren Ave. in Denver. The Cameron will be a five-story, 361-unit wrap property, consisting of 30 studio, 239 one-bedroom and 92 two-bedroom apartments. Led by Denver-based Principal Chase Hill …
Bank of Colorado and UMB Bank Provide Funding for McGregor Square
UMB Bank and Bank of Colorado today announced the origination of the credit facility for the construction of the McGregor Square project. Principal Owner of the Colorado Rockies, Dick Monfort, strategically made the decision for Bank of Colorado and UMB to be equal lead funders of the project because both banks know …
CBRE Arranges $83.2M Loan, Arvada Newly Built 352-Unit MultiFamily Development
DENVER — CBRE Capital Markets’ Debt & Structured Finance team has arranged an $83.2 million loan for the newly developed Solana Olde Town Station, a 352-unit multifamily property near Denver. Bill Chiles, Scott Peterson, Morgon Fraser and Brian Cruz of CBRE’s San Diego office secured the Freddie Mac debt on behalf …
Denver-based C-PACE Financier Secures $500 Million for Sustainable CRE
DENVER — Lever Energy Capital, a Denver-based Commercial Property Assessed Clean Energy (C-PACE) financier, has officially launched one of the largest dedicated C-PACE ventures in the country, and the only one in Colorado. The company now has the ability to originate up to $500 million in C-PACE financings for sustainable commercial real estate. C-PACE financing …
CBRE Completes $23.4 M of Newly Constructed 1515 Flats at Sloan’s Lake
DENVER – CBRE announced that it recently completed the $23.4 million sale of the newly constructed, 82-unit 1515 Flats multifamily development located at 1515 Vrain Street, just south of Sloan’s Lake in Denver. CBRE’s Dan Woodward, David Potarf and Matthew Barnett represented the seller, Vrain Street Investments of Denver. The …
HFF announces $18.85M in financing for 370 Interlocken Boulevard in Broomfield
Holliday Fenoglio Fowler, L.P. (HFF) announced $18.85 million in financing for 370 Interlocken Boulevard, a 150,656-square-foot, Class A office building in Broomfield. The HFF debt placement team representing the borrower consisted of director Leon McBroom and senior managing director Eric Tupler. The HFF team worked on behalf of the borrower, Equus Investment …
Funding Circle Expands U.S. Operations with New Office in Denver
DENVER — Funding Circle, the world’s leading small business loans platform, is expanding its U.S. operations with a second office in Denver. With the move Funding Circle will look to hire around 290 new employees in the area over the next two years to support the company’s growth. “Denver today serves …
Walker & Dunlop to Acquire Denver-based Asset Management Platform
DENVER – Walker & Dunlop, Inc. (NYSE: WD), one of the largest commercial real estate services and finance companies in the United States, will acquire a Denver-based asset management platform, the company announced Wednesday. JCR Capital (“JCR”), an alternative investment manager that provides capital solutions to commercial real estate sponsors throughout the United …