DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $16.199 million in acquisition financing for The Buttes, a 111-unit, garden-style multi-housing community in Loveland, Colorado.
HFF worked exclusively on behalf of Blueline Equity Partners to place the 10-year, fixed-rate loan with Freddie Mac’s CME Program. The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.
The Buttes is located at 1391 N. Wilson Avenue just off U.S. Highway 34 and approximately six miles west of Interstate 25 in Loveland. The property provides access to nearby Denver, Fort Collins, Boulder and recreational activities in Rocky Mountain National Park, which is less than 30 miles west of the community. The Buttes comprises eight, three-story buildings with one- and two-bedroom units ranging from 808 to 1,101 square feet. The 98-percent-leased community features amenities, including a swimming pool with sundeck, grilling area, fire pit, 24-hour fitness center, clubhouse, resident lounge, entertaining kitchen and detached garages.
The HFF debt placement team representing the borrower was led by associate director Kristian Lichtenfels.
About Blueline Equity Partners
Blueline Equity Partners (Blueline) is a Denver-based, full service private real estate investment firm specializing in acquisition, redevelopment, management and disposition of multifamily properties. Founded in 2007, Blueline owns properties in Denver, Longmont, Loveland, Greeley, Evans, Colorado Springs, Fraser and Crested Butte.
About HFF
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.