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Financing Boosts Development of Englewood Multifamily

Financing Boosts Development of Englewood Multifamily Complex

Construction financing of $24.9 million was recently arranged for the development of a 119-unit class-A mid-rise apartment complex in the south Denver community of Englewood, CO. Scheduled for completion in spring 2023, the six-story multi-housing property will offer a six-story parking garage with electric car charging stations, work-from-home options, an indoor/outdoor rooftop lounge and patio, and a fitness center.

Situated along East Hampden Avenue, the federally designated Opportunity Zone is one block from US 285, one of Englewood’s primary thoroughfares, along with access to Interstates 25 and 70 and US-85. The property is surrounded by several of Englewood’s top employers including Swedish Hospital and Craig Hospital.

JLL worked on behalf of the developer, Alpine Investments, to secure a 30-month floating-rate non-recourse construction loan through a national bank. The JLL team representing the borrower was led by Leon McBroom and Kevin Barron.


Inside The Story

Leon McBroom

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.

  • ◦Development
  • ◦Financing