Crow Lands $52M Refi for 256-Unit Westminster Multifamily Project
Mesa West Capital provided $52 million in short-term debt to an affiliate of Crow Holdings to refinance Canyon Reserve at the Ranch, a 256-unit multifamily property in Westminster, Colo. Crow bought the property in 2022 from Continental Reality Group for $93.5 million.
The garden-style apartment development was completed in 1984. It encompasses 17 two-story buildings across more than 13 acres and was fully repositioned in 2022. The unit mix consists of one- and two-bedroom floorplans ranging from 744 to 1,034 square feet. Apartments also feature private balconies or patios.
The community is at 2890 W. 116th Place, close to Highway 287 and Interstate 25. Downtown Denver is 16 miles away, while Denver International Airport is within 30 miles.
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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