HFF announces $11M financing for mid-rise apartment community in Boulder, Colorado
DENVER, CO – October 10, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces $11 million in financing for 2121 Canyon, a 60-unit, mid-rise apartment community in Boulder, Colorado.
The HFF team worked on behalf of a partnership between Element Properties and Signature Partners to place the 10-year, fixed-rate loan with Freddie Mac. The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Freddie Mac Loans.
2121 Canyon is situated on 1.26 acres a few blocks south of Boulder’s Pearl Street retail corridor. The centrally located property also offers nearby access to the University of Colorado Boulder campus, various forms of recreation in the Rocky Mountains and the Denver metropolitan area via U.S. Highway 36. Most recently renovated in 2016, the property consists of a mix of studio, one-, two- and three-bedroom floor plans with modern amenities, including new flooring in the kitchen and main living areas, kitchens with high-end cabinetry and stainless steel appliances, breakfast bars with quartz countertops, tiled bathrooms with new vanities, expansive closet space, private patios and views of the Flatirons or Canyon Park. Building amenities include an outdoor pool, lounge area with barbecue grills, courtyard with seating, resident lounge, indoor bike repair station and an indoor dog wash. The property is 100 percent occupied.
The HFF debt placement team representing the borrower included director Leon McBroom.
About Element Properties
Element Properties is one of the most respected real estate development companies in Boulder County and the Front Range region, with a focus on infill housing, affordable housing and mixed-use places of exceptional value. For information, visit elementproperties.com.
Signature Partners, a Colorado-based real estate investment group with holdings in Colorado and Arizona excels in providing viable investment opportunities to its investors through real estate acquisitions and development. For more information, please visit signature-partners.com.
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information please visit hfflp.com or follow HFF on Twitter @HFF.