HFF Secures $3.6M Refinancing for Colorado Springs Multifamily

HFF Refinancing_alvarado-place_Colorado Springs CO

Colorado Springs, CO – Holliday Fenoglio Fowler, L.P. (HFF) recently announced that it has secured a $3.601 million refinancing for Alvarado Place, a 99-unit apartment property in Colorado Springs, Colorado.

HFF worked on behalf of AP Investment Group, LLC, an affiliate of Radford Investment Properties, to secure the seven-year, 2.29 percent over 30-day LIBOR, floating-rate loan for $3.601 million.  The interest-only loan is through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.

Alvarado Place is positioned near major Colorado Springs thoroughfares, including Fountain Boulevard, Powers Boulevard and Interstate 25.  Situated at 1465 Alvarado Drive, the community shares a property line with the U.S. Post Office and is directly east of the Leon Young Sports Complex.  The property has studio, one- and two-bedroom units averaging 519 square feet each housed within five, two-story residential buildings.

Image courtesy of HFF

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