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$50M Financing Arranged for Luxury Denver MXU
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BMC Investments secured $50 million in financing for 210 St. Paul, the first phase of The St. Paul Collection, an iconic mid-rise, mixed-use residential and retail property in Denver’s Cherry Creek North neighborhood.
The St. Paul Collection is a two-phase development located at the intersection of St. Paul Street and 2nd Avenue. Completed in June, 210 St. Paul comprises 81 luxury residences in a mix of one, two and three-bedroom floor plans, as well as penthouses ranging in size from 770 to 2,800 square feet. The property also includes 11,000 square feet of retail leased to CB2, Crate & Barrel’s fresh approach to furnishings and décor.
HFF’s Brock Yaffe worked on behalf of the borrower to arrange the 11-year, non-recourse, full-term, interest-only fixed-rate loan through Freddie Mac’s Lease-Up Loan Program. The loan will replace existing construction financing and will be serviced by HFF.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing

