HFF Arranges for Two MF Properties

DENVER—Holliday Fenoglio Fowler, L.P. has secured financing totaling $77.5 million for two multi-housing communities in the greater Denver area – Terra Vida and Block 32 at RiNo. 

HFF worked on behalf of Jeffrey Sanders of Boulder, Colorado-based MountainView Capital, LLC to secure Fannie Mae financing through M&T Realty Capital Corporation in two separate transactions.  A $36.94 million, 20-year, 3.95% fixed-rate loan was secured for Terra Vida and a $37.86 million, 20-year, 3.98% fixed-rate loan was secured for Block 32 at RiNo.  Both loans will be used to refinance existing HUD debt on the properties that was assumed at acquisition and opened to prepayment in conjunction with the closing of these refinances.