$30.5 million financing secured by HFF for Broomfield, Colorado multi-housing development
DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $30.5 million in financing for the development of Mountain View at Palisade Park, a 216-unit, garden-style multi-housing community in Broomfield, Colorado.
Working exclusively on behalf of Jeffrey Sanders of Boulder, Colorado-based MountainView Capital, LLC, HFF placed the construction loan with a regional bank.
Situated on 8.29 acres at the southwest corner of 169th Avenue and Huron Street, Mountain View at Palisade Park is located just off Interstate 25 and is approximately 20 miles north of downtown Denver and 20 miles east of downtown Boulder. Due for completion in 2017, the property’s eight, three-story residential buildings will house one-, two- and three-bedroom units averaging 909 square feet each with amenities including nine-foot ceilings, granite countertops and stainless steel appliances. Common area amenities will include a community clubhouse, resort-style swimming pool, state-of-the-art fitness center, yoga room and garage/carport parking.
The HFF debt placement team representing the borrower was led by Josh Simon and Kristian Lichtenfels.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.