BMC, Rockpoint Close $71M Loan for Denver-Area Apartments
A Walker & Dunlop Capital team arranged $71 million in construction financing for The Fillmore at Copperleaf, a 229-unit rental community at 4545 South Versailles St., Arapahoe County in Colorado. BMC Investments and Rockpoint are developing the project.
The Walker & Dunlop Capital Markets Real Estate Finance team led by Dustin Stolly, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Sean Reimer, Michael Ianno, Christopher de Raet, Jason Schwartzberg, Justin Nelson and PJ Feichtmeier arranged the floating-rate, interest-only bridge loan from Prime Finance.
The property features residences with two-, three-, and four-bedroom layouts including attached garages, and private outdoor space.
The community features a variety of lifestyle amenities including a clubhouse, coworking space, resort-style pool, fitness and yoga studios, dog park, and EV charging.
The property is located within Copperleaf, a 2,300-home master-planned community in the southeast Denver corridor and Cherry Creek School District.
Other News
RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Berkadia Negotiates Student Housing Property Sale in Kansas
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout