HFF arranges $6.5 million refinancing for 81-unit apartment community in Denver, Colorado
DENVER, CO – July 17, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $6.5 million refinancing for Amherst Apartments, an 81-unit apartment community in Denver, Colorado.
HFF worked on behalf of Vukota Amherst Apartments, LP, an affiliate of Vukota Capital Management, to place the 20-year, 3.70 percent, fixed-to-floating-rate loan with Freddie Mac’s Small Balance Loan program.
Amherst Apartments comprises a mix of one- and two-bedroom floor plans ranging from 560 to 1,100 square feet within a three-story building. Community amenities include an outdoor courtyard, picnic and grilling area, playground and clubhouse. The property is situated across from Colorado Heights University at 2775 S. Federal Boulevard approximately six miles south of downtown Denver. Amherst Apartments is also near major thoroughfares such as U.S. Highways 85 and 285 and Interstate 25, which allows for convenient access to the entire Denver metropolitan area. The property is 98 percent leased.
The HFF debt placement team representing the borrower was led by director Brock Yaffe and managing director Josh Simon.
About Vukota Capital Management
Vukota Capital Management is a privately held investment firm with more than $500 million in assets under management. Founded in 2010, the firm focuses exclusively on alternative investments in both public and private markets. For more information, please visit vukotacapital.com.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). 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. For more information please visit hfflp.com or follow HFF on Twitter @HFF.