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Phoenix & Southwest  + Southwest  + Finance  | 

CBRE Arranges $24M to Refi 142-Unit Affordable Housing Community in Vail

Denver-based Coughlin & Company secured a $23.52-million loan to refinance Middle Creek Village, a 142-unit multifamily property in Vail, CO. The asset is a deed restricted affordable housing community at 145 Frontage Road West just across from downtown that requires residents to be employed within Eagle County.

Coughlin & Company developed the three-building property, which has been consistently fully occupied, and has owned it since its completion in 2004. Middle Creek Village is located on a ground lease with the Town of Vail with 35 years remaining on the term. The property’s buildings range from three to eight stories tall, all of which are within walking distance to Vail Village. Community amenities include covered parking, rentable storage units, a business center with free internet and an on-site shuttle stop.

CBRE’s Brady O’Donnell and Jill Haug arranged the loan from lender Fannie Mae on behalf of the borrower. The loan is a 30-year, fixed-rate fully amortizing loan.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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