Greystar Obtains $99M Refi for Denver Apartments
Greystar developed The 282-unit Fitzgerald in Denver in 2018. Now, Greystar has obtained $99 million for the refinancing of the Denver luxury multifamily community. JLL Capital Markets brokered the transaction, securing the floating-rate, three-year loan from Otera Capital.
Commercial Edge reports In 2018, Greystar funded the property’s development with a $95.8 million construction loan originated by HSBC Bank USA.
The 11-story building incorporates studio, one- and two-bedroom floorplans ranging between 525 and 2,761 square feet. Common-area amenities include a swimming pool, a fitness center, a wellness studio, a spa, coworking spaces, private meeting rooms, a social lounge and approximately 300 parking spaces. The Fitzgerald also has around 8,287 square feet of retail space.
The Fitzgerald is at 1840 Market St., near the intersection of Denver’s Lower Downtown and Central Business District.
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