Local Developer Secures $31.16M Financing for Luxury Colorado Apartment Community
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 serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender.
Constructed in 2019, Epoque Golden offers studio, one-, two- and three-bedroom modern units with open-concept floorplans, quartz countertops, full-size washers and dryers, private balconies and walk-in closets. The community’s many amenities include a resort-style swimming pool, state-of-the-art fitness center with outdoor yoga terrace, a lushly landscaped courtyard with fire pits and grilling area, a speakeasy, private dining room, work-from-home space, an EV charging station and golf and ski storage.
The property is located at 1175 Newstar Way and provides residents with easy access to Highway 93 and Highway 6, as well as walkability to approximately 24 miles of hiking and biking trails.
“The stabilization of Epoque Golden is a key milestone of what we believe to be a successful project, with an ideal location and accessibility throughout the Denver Metro area,” said Andria Puckett, director of asset management at Forum. “We are thrilled to have partnered with JLL Capital Markets for the refinancing loan and look forward to potential future partnerships.”
The JLL Capital Markets team is led by Senior Managing Director Eric Tupler and Managing Director Tony Nargi.
“Epoque Golden is an absolutely amazing, one-of-a-kind property. JLL is thrilled to be involved in this refinancing with such a great local developer and owner. Freddie Mac provided a very attractive five-year, fixed-rate, cash-out refinancing with full-term interest only and prepay flexibility in the last two years,” said Tony Nargi.