DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announces $63 million in financing for HiLine at Littleton Commons, a 385-unit, Class A apartment community in the south Denver suburb of Littleton, Colorado.
Working exclusively on behalf of FMF Littleton LLC, the HFF team secured the five-year, 4.15 percent fixed-rate loan through a life company lender. Loan proceeds were used to recapitalize the deal and refinance existing construction financing. The loan featured full-term, interest-only, flexible prepayment and the ability to advance future loan proceeds at a future date.
Situated on 18.06 acres at 8300 Erickson, HiLine at Littleton Commons is in the Highlands Ranch/Lone Tree submarket south of Denver. The property is just off C-470 and near the Mineral Light Rail Station, which offers access to the Rocky Mountains, downtown Littleton and the Denver Tech Center. Completed in 2016, HiLine at Littleton Commons features a mix of one-, two- and three-bedroom units and a total of 620 parking spaces, including attached and detached garages. Community amenities include an outdoor pool, hot tub, tanning deck with cabanas, outdoor kitchen and grilling area, 24-hour fitness center, clubhouse, billiards table, business center and dog park with dog wash station.
The HFF debt placement team representing the borrower consisted of managing director Josh Simon.
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.