Finance

More affordable housing is on the horizon for Denver’s La Alma-Lincoln Park neighborhood thanks to development financing provided by the Department of Housing Stability (HOST). Denver City Council today approved a $5,557,500 agreement with Shanahan Development, LLC, utilizing American Rescue Plan Act (ARPA) funds to help support the acquisition of …

The Affordable Housing Tax Credit Coalition (AHTCC) has applauded housing provisions recently proposed in the Biden Administration’s FY 2024 federal budget, including a proposal that would strengthen the Low-Income Housing Tax Credit (Housing Credit), the federal government’s primary tool to produce affordable rental housing. “Through this budget proposal and plans that preceded it, the Administration continues to …

Denver-based Forum Real Estate Group, LLC recently refinanced its multifamily property Epoque Golden, a 120-unit, Class A, four-story community in Golden. JLL Capital Markets worked on behalf of the borrower team, including Forum Real Estate Group, LLC, to secure the $31.16 million, five-year, fixed-rate loan through Freddie Mac Multifamily. The loan will be …

JLL Capital Markets recently arranged a $30 million refinancing for The Madeline Hotel, Auberge Resorts Collection, an 83-key luxury resort with 56 separately-owned condominiums in the popular mountain town of Telluride. JLL worked on behalf of the borrower, Flynn Properties Inc., to secure the five-year, floating-rate loan through Värde Partners. The …

Following a record-breaking year in 2021, the Piper Sandler Special District Group, a specialty financing group with more than 30 years of experience helping to fund public infrastructure for new development, continued to see significant growth in 2022 with the expansion of its team and the opening of a new Denver headquarters. …

Alterra Mountain Company is currently under construction on a 332-unit residential community designed specifically to accommodate the employees of Winter Park Resort and local businesses. Employee and workforce housing is extremely limited in Winter Park, with many employees required to make housing arrangements independently or through alternative housing services online in …

D.A. Davidson’s Special District Group, a nationally recognized team of capital market professionals, has successfully sold $64 million in Limited Tax General Obligation Bonds, Series 2022A-1 and Convertible Capital Appreciation Limited Tax General Obligation Bonds, Series 2022A-2 for the continued development of Peak Innovation Park. The bond proceeds will help finance the second …

By Joel Poppert, managing director, Imperial Ridge Real Estate Capital Inflation is currently at 7.7 percent annually (October to October), placing the U.S. uncomfortably close to being in a “hyper-inflation” scenario, which would put us in the territory we are accustomed to seeing in developing nations — not in the …

San Fransisco-based Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured $32 million of financing to recapitalize the River Run Apartments, a 117-unit multifamily community strategically positioned on the Eagle River with near equidistant access to the Vail and Beaver Creek mountain resorts from the town …

JLL Capital Markets recently arranged $40 million in acquisition financing on behalf of Lightstone, a New York-based privately held real estate investment company, for the purchase of the Commander Industrial Portfolio, an 11-building, multi-tenant industrial portfolio totaling 511,581 square feet in Broomfield. The portfolio consists of 2100, 2300, 2380, 2400 and …