HFF Provides Financing for 252-unit Multifamily at Denver West

LAKEWOOD, CO–HFF has arranged a $40.5 million participating mezzanine construction loan for the development of The Lodge at Denver West, a 252-unit multifamily housing community within the Denver West Business Park in Lakewood. 

HFF worked on behalf of the borrower, a joint venture between The Greystone Group and The Stevinson Family, to arrange the $40.5 million, or 89 % of cost, construction/permanent loan through American National Insurance Company.  The seven-year loan has a fixed interest rate of 5.5%, interest only during the 24-month construction term, and lender profit participation on a sale or refinance of the loan.