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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.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency integrated marketing communications roles. He is responsible for Connect’s client content operations and public relations strategy. He is involved in a range of initiatives ranging from content strategy, message development, copywriting, Social Media and content marketing services. Dennis’s communications background in the real estate industry includes working with many of the top real estate firms – from brokerage companies, developers, homebuilders, investors, owners, lawyers, asset advisors, lenders, architects and property management firms. • Marketed more than 1 Billion Square Feet of Office Space • 70,000 Multifamily/Condo Units • 15,000 Single Family Homes • 30 Million Square Feet of Retail Space • Representing Roughly $100 Billion in Investment In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. Dennis’s agency background on integrated communications teams at many reputable agencies and has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. He formerly was President of the Public Relations Society of America’s Los Angeles of public relations professional, and served on the Board of Directors. He also taught a public relations extension course at Loyola Marymount University. Dennis’s 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.

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