DENVER—HFF has arranged financing and joint venture equity for One Dartmouth Place Apartments, a 418-unit garden-style multi-housing community here.
HFF secured a $24.64 million, 10-year, 4.09% fixed-rate loan through Freddie Mac's CME Program.
The securitized loan will be serviced by HFF through its Freddie Mac Program Plus Seller/Servicer program. HFF also arranged joint venture equity for the project, which was provided from a family office based in Southern California. The capitalization will facilitate the implementation of an extensive renovation plan for the property.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
