DENVER—HFF has secured $57 million in financing for One City Block, a newly built, 302-unit, class A multifamily community in downtown Denver.

Working on behalf of RedPeak Properties, HFF placed the fixed-rate loan with Cornerstone Real Estate Advisers LLC acting on behalf of an institutional client. The loan proceeds will be used to replace the borrower's existing construction loan.

One City Block encompasses a full city block bounded by East 19th Avenue to the north, Pennsylvania Street to the east, East 18th Avenue to the south and Logan Street to the west in downtown Denver's Uptown neighborhood. Completed in January 2014, the property includes 207,598 rentable square feet of residential space and 10,035 square of ground floor retail. The four-story, LEED-certified property stabilized in less than a year and is 95 percent leased. One City Block has a mix of studio, one- and two-bedroom floor plans and amenities including a lap pool with sun deck and hot tub, grilling areas, fire pit, sport court with practice putting green, four rooftop terraces, fitness center, yoga studio, game room with ping pong and pool table, demonstration kitchen, onsite bike repair shop and pet spa.