DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $11.129 million in financing for the development of 35th & Larimer, a residential and retail mixed-use property in Denver’s River North neighborhood.
Working on behalf of the borrower, Littleton Capital Partners, HFF placed the 36-month, floating-rate construction loan with a regional bank. HFF also previously worked to secure financing on the borrower’s behalf for land site acquisition in late 2014.
Due for completion in second quarter 2016, 35th & Larimer will encompass 66 residential units and 10,800 square feet of ground floor retail. Residential floor plans will include a mix of studio, one- and two-bedroom options ranging from 335 to 1,160 square feet each. The property will have two street-level courtyards, a second-level deck with barbecue area, fire pit, bike storage and pet wash station. 35th and Larimer is situated less than a mile from downtown Denver in the River North (RiNo) area, a rapidly redeveloping neighborhood that formerly consisted of mainly industrial properties and is now home to some of Denver’s best art galleries, restaurants, breweries/wineries and other entertainment attractions.
The HFF debt placement team representing the borrower was led by managing director Josh Simon and associate director Leon McBroom.
About Littleton Capital Partners: Littleton Capital Partners is a privately-held real estate company that provides development, property management and consulting services across a diversified mix of asset types. The firm and its principals have a reputation for the development and redevelopment of quality infill projects, active property management, strong property performance and the creation of value for its clients, tenants and investors.
About HFF: HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.