HFF Arranges $77.5M for Two Colorado Properties

DENVER— Holliday Fenoglio Fowler has secured $40.2 million in financing for Fox Ridge Apartment Homes in Centennial, CO, and $37.3 million in financing for Canterwood Apartments in Boulder.

Downtown Denver

HFF worked on behalf of the borrower, a REIT sponsored by Resource Real Estate, Inc. (RRE), to arrange two separate loans through a life company correspondent lender. Both loans have a seven-year, fixed-rate term with significant prepayment flexibility. The borrower previously acquired the properties on an all-cash basis. Fox Ridge is a 300-unit property located at 8225 South Poplar Way within the Cherry Creek School District and adjacent to numerous retail, dining and entertainment amenities, including Park Meadows Mall . The property has 27 two- and three-story walk-up residential buildings encompassing one- and two-bedroom units averaging 977 square feet each. Community amenities include a heated outdoor swimming pool, 24-hour fitness center, sport court, outdoor barbecue grill and picnic area, and reserved carport parking. Canterwood Apartments is located 4970 Meredith Way, Boulder. The property has 216 one- and two-bedroom units averaging 850 square feet situated within 14 residential buildings. Community amenities include a swimming pool, hot tub, barbecue picnic areas, dog park, yoga room, bike repair room, two clubhouses, business center and views of the Flatirons . The HFF debt placement team was led by senior managing director Eric Tupler . RRE is a firm that specializes in direct real estate investments, commercial real estate lending and global real estate securities. RRE and its parent company have offices in New York, Los Angeles, Denver, London, Singapore, as well as its headquarters in Philadelphia and additional locations across the U.S.