DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured a $7.2 million refinancing for Shadow Tree Apartments, a 118-unit multi-housing community in the Denver suburb of Aurora, Colorado.
HFF worked on behalf of Vukota Capital Management to secure the 10-year, 3.91 percent fixed-rate loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.
Shadow Tree Apartments is located at 1800 Billings Street in the Aurora Village submarket. The property is just off of Interstate 225 providing access to Interstates 25 and 70 and the Denver metropolitan area. Additionally, Shadow Tree Apartments is strategically located within two miles of Anschutz Medical Center, home to the University of Colorado Hospital and Fitzsimmons Army Hospital. The two, three-story residential buildings are 94 percent occupied.
The HFF debt placement team representing the borrower was led by managing director Josh Simon and associate director Brock Yaffe.
About Vukota Capital Management
Vukota Capital Management is a privately held investment firm with more than $400 million in assets under management. Founded in 2010, the firm focuses exclusively on alternative investments in both public and private markets. For more information, please visit www.vukotacapital.com.
About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 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.