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Loveland Apartment Owner Obtains $61.7M Refi
Buckingham Cos. has obtained $61.7 million in refinancing for the 353-unit Plat 10 at the Ranch in Loveland, Colo.
ACRE provided a floating-rate, interest-only bridge loan to refinance the existing construction funds. Plat 10 was backed by a $61.7 million construction loan originated by Bank OZK in 2022.
Plat 10 at the Ranch is at 4685 Grandstand Drive, close to Interstate 25 and Northern Colorado Regional Airport. Plat 10 at the Ranch’s unit mix comprises studio, one-, two-, and three-bedroom layouts, ranging in size from 543 to 1,369 square feet. Select floor plans also have private balconies or patios.
Common-area amenities include a fitness center, clubhouse, swimming pool and spa, as well as a business center and resident lounge with coffee bar.
Walking & Dunlop Managing Director Sean Reimer, Senior Managing Directors Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz and Dustin Stolly, along with Senior Director Michael Ianno and Analyst Stanley Cayre, led the team that arranged the transactions.
- ◦Financing
