LONE TREE, CO-HFF says it has arranged $22.5 million in financing for the Regency at RidgeGate, a 208-unit, class A multi-housing community in Lone Tree, a suburb south of Denver.

HFF worked exclusively on behalf of Regency Residential Partners, LLC to secure the 25-year, fully amortizing loan at a fixed-rate of 4.55% through Nationwide Insurance, a correspondent lender. The loan was funded prior to full stabilization and proceeds will replace maturing construction financing on the property.

Completed in August 2013, Regency at RidgeGate has 187 one- and two-bedroom garden-style units and 21 two- and three-bedroom townhomes. The community was 88.5 % leased at the time of funding and features amenities such as a swimming pool with sun deck, barbecue and fire pit, fitness center with yoga room, business center, club house and pet care facility. The property is located at 10320 Commonwealth Street near the intersection of RidgeGate Parkway and Lincoln Road, proximate to the Sky Ridge Medical Center, South Suburban Recreation Center, The Lone Tree Performing Arts Center and Interstate 25.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.