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CO Springs’ FalconView Gets $61M Refi Through MetLife

Colorado Springs is one of the most affluent and fastest growing areas in the state, with large private employers calling it home. A multifamily garden-style property built last year, FalconView Apartments, consists of 288 one-, two- and three-bedroom units across 16 three-story buildings.

“FalconView was designed to meet the growing demands of young professionals and families living and working along the I-25 corridor,” said Derek Conn, executive vice president and partner at Etkin Johnson.

The property recently received $61 million in refinancing. JLL worked on behalf of the borrower, Etkin Johnson Real Estate Partners, to secure the 10-year fixed-rate permanent financing through MetLife Investment Management. The JLL team representing the borrower was led by Eric Tupler and Brock Yaffe.

The floorplans average 987 square feet, and include 9-foot ceilings and attached single-car garages for select units. The property is also One Green Globes Certified.

Located at 10691 Cadence Pt. less than a mile from Interstate 25 in North Colorado Springs, the property is near 3.3 million square feet of office and 695,000 square feet of retail space within a 2-mile radius. The property is also situated off Federal Drive and Cadence Point, an hour drive from Denver.


Inside The Story

Derek Conn

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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