Page 30 —
COLORADO REAL ESTATE JOURNAL
— November 4-November 17, 2015
• A $3.4 million nonrecourse
loan with Hana Properties LLC
for the refinance of a 39-unit
apartment complex at 2085 S.
Josephine St. and 2375-2385 E.
Evans Ave. in Denver. The five-
year, fixed-rate loan is 3.74 per-
cent;
• A $2.62 million recourse loan
with El Chalten LLC for the refi-
nance of a 24-unit apartment com-
plex at 1685 Colorado Blvd. in
Denver. The five-year, fixed-rate
loan is 3.9 percent;
• A $2.62 million nonrecourse
loan with David Henry Simon for
the refinance of a 29-unit apart-
ment complex at 1245 Elder Ave
in Boulder. The seven-year, fixed-
rate loan is 3.87 percent;
• A $2.6 million nonrecourse
loan with David Henry Simon for
the refinance of a 29-unit apart-
ment complex at 1833 Folsom St.
in Boulder. The seven-year, fixed-
rate loan is 3.87 percent;
• A $2.1 million recourse loan
withBellvueColoradoApartment
Investment LLC for the refinance
of a 22-unit apartment complex
at 1160 Colorado Blvd. in Denver.
The five-year, fixed-rate loan is
3.83 percent;
• A $2.14 million recourse loan
with Kaali Properties LLC for the
purchase of a 14-unit apartment
complex at 1002-1016 E. 10th Ave.
and 964-968 Ogden St. in Denver.
The five-year, fixed-rate loan is
3.83 percent;
• A $2.01 million nonrecourse
loanwithMarion Residential LLC
for the refinance of a 22-unit apart-
ment complex at 60 Corona St. in
Denver. The seven-year, fixed-rate
loan is 3.85 percent;
• A $1.89 million recourse loan
with Dino and Melissa Katsoulas
for the purchase of a 26-unit apart-
ment complex at 8307-8347 S.
Reed St. in Littleton. The monthly
Treasury average adjustable rate
loanhad a start rate of 3.59 percent
and is amortized over 30 years;
• A $1.6 million recourse loan
with Jersey Apartments LLC for
the refinance of a 29-unit apart-
ment complex at 1465 Jersey St. in
Denver. The five-year, fixed-rate
loan is 3.71 percent;
• A $1.57 million nonrecourse
loan with Linden Locust LLC for
the purchase of a 20-unit apart-
ment complex at 2337-2387 S.
Locust St. and 2366 S. Linden
Court in Denver. The five-year,
fixed-rate loan is 3.99 percent;
• A $1.5 million recourse loan
with Lloyd’s Apartments LP for
the refinance of a 23-unit apart-
ment complex at 960 Logan St. in
Denver. The five-year, fixed-rate
loan is 3.69 percent;
• A $1.5 million recourse loan
with Arleen Garfinkle Miller for
the refinance of a 20-unit apart-
ment complex at 1630 Pennsyl-
vania St. in Denver. The five-year,
fixed-rate loan is 3.71 percent;
• A $1.42 million nonrecourse
loan with Bear’s Fortress LLC for
the purchase of a 20-unit apart-
ment complex at 833 Dexter St. in
Denver. The three-year, fixed-rate
loan is 3.23 percent;
• A $1.38 million recourse
loan with Copper Ridge Apart-
ments LLC for the purchase of a
24-unit apartment complex at 398
W. Powers Ave. in Littleton. The
three-year, fixed-rate loan is 3.43
percent;
• A $1.25 million recourse loan
with 1671 Cook Street LLC for the
refinance of a 17-unit apartment
complex at 1671 Cook St. in Den-
ver. The five-year, fixed-rate loan
is 3.7 percent;
• A $1.2 million recourse loan
with Sapphire Place Apartments
LLC for the purchase of a 21-unit
apartment complex at 258 W.
Powers Ave. in Littleton. The five-
year, fixed-rate loan is 3.85 per-
cent;
• A $1.2 million recourse loan
with Emerald Point Apartments
LLC for the purchase of a 31-unit
apartment complex at 368 W.
Powers Ave. in Littleton. The
three-year, fixed-rate loan is 3.48
percent;
• A $1.1 million recourse loan
with Petra Properties LLC for the
refinance of an 11-unit apartment
complex at 1326 Corona St. in
Denver. The five-year, fixed-rate
loan is 3.81 percent;
• A $1.1 million recourse loan
with Marion Street Apartments
LLC for the refinance of a 15-unit
apartment complex at 1301 E.
33rd Ave. in Denver. The three-
year, fixed-rate loan is 3.5 percent;
• A $1.05 million recourse loan
with Asbury House LLC for the
purchase of a 12-unit apartment
complex at 4630 E. Asbury Circle
in Denver. The seven-year, fixed-
rate loan is 4.15 percent;
• A $1.02 million nonrecourse
loan with La Tourelle Apartments
LLC for the purchase of an eight-
unit apartment complex at 2727-
2737 E. 13th Ave. in Denver. The
five-year, fixed-rate loan is 3.91
percent;
• A$925,000 recourse loan with
Moore Acquisitions LLC for the
refinance of a 24-unit apartment
complex at 137 W. Broadmoor
Ave. in Littleton. The five-year,
fixed-rate loan is 3.83 percent; and
• A$606,000 recourse loan with
58th Place Apartments LLC for
the refinance of an eight-unit
apartment complex at 10204-
10214 W. 58th Place in Arvada.
The five-year, fixed-rate loan is
4.4 percent.
Other News
n
Holliday Fenoglio Fowler
LP
recently arranged $49.5million
in financing for Liberty Creek
Apartments, a 584-unit, garden-
style apartment in Aurora.
HFF worked on behalf of
the borrower, a joint venture
between Denver-based
BMC
Investments
and
Oak Coast
Properties,
to place the 10-year
acquisition financing with Fred-
die Mac’s CME program.
The securitized loan has a fixed
rate of 4.14 percent with five
years of interest only. In addi-
tion, the loan will be serviced
by HFF through its Freddie Mac
Program Plus Seller/Servicer
program.
Liberty Creek Apartments is
at 13100 E. Kansas Drive with
nearby access to Interstate 225.
The property has 42 two-story
buildings that house one- and
two-bedroomunits ranging from
653 to 882 square feet. Communi-
ty amenities include three heated
swimming pools, basketball and
tennis courts, a fitness center,
playground, grilling areas, busi-
ness center and clubhouse.
The HFF debt placement team
representing the borrower was
led by associate director
Brock
Yaffe.
“Working with Brock Yaffe and
the HFF team made for a seam-
less loan process on what was
a very complicated transaction.
We value the relationship with
HFF and are excited about own-
ing another asset in the central
Aurora submarket,” said
Mat-
thew Joblon,
CEO of BMC.
“Liberty Creek made for an
ideal opportunity to purchase,
reposition, own and operate
the property for the long-term,
which is consistent with our
business plan,” according to
Joblon.
s
Finance
implementation costs and
cost-effectiveness estimates.
At the firm, he has worked on
projects including the Alliance
Center in Denver, the Parker
Recreation Center Renovation
Commissioning project and the
U.S. Forest Service Wall Ranger
Station.
s
Pam Loeffelman, FAIA,
joined
DLR Group,
where she
will lead the integrated design
firm’s K-12 designs throughout
the Southwest from the firm’s
Denver office.
She also will be a member of
the global K-12 team, partnering
with other DLR Group educa-
tion experts to set the strategy
for growth
both domes-
tically and
internation-
ally.
For the
past 35
years, Loef-
felman has
been actively
engaged in
a dialogue about the return
on investment of educational
designs. Loeffelman has exper-
tise designing award-winning
and sustainable school facilities
in urban settings around the
world, including in Arling-
ton, Virginia; New York, N.Y.;
Boston; Okinawa, Japan; and
Shanghai, China.
s
CDE Who’s
Pam Loeffelman
