DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announces financing for the development of The Edge LoHi, a 44-unit, upscale condominium development in Denver’s Lower Highland (LoHi) submarket.
The HFF team worked exclusively on behalf of the developer, Alpine Investments, to arrange the 36-month, floating-rate, non-recourse construction loan through a balance sheet lender.
The Edge LoHi will be situated immediately north of Interstate 25 in the affluent LoHi neighborhood. Due for completion in 2019, the property’s for-sale homes will feature high-end finishes, unobstructed views of the Denver skyline and an outdoor space for every condo. Community amenities include a dog spa, storage units, bike storage and repair room, lobby lounge with a fireplace and coffee bar and secured building and garage access. Approximately 30 percent of the units were pre-sold at the time of closing.
The HFF team representing the borrower included directors Leon McBroom and Brock Yaffe.
About Alpine Investments: Alpine Investments (“AI”) is a Denver-based real estate investment company focused on the acquisition, development, redevelopment and management of well-located properties in high-growth areas. With strong intrinsic value as the cornerstone of each investment, AI targets opportunities where thoughtful analysis, creative structuring and superior execution will lead to the creation of strong cash flows and deliver attractive risk-adjusted returns for investors. Alpine Investments represents a vertically integrated platform, offering various business lines and services that cover the full spectrum of commercial real estate investment and development.
About HFF: HFF and its affiliates operate out of 26 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 advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.