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Greystar Secures $99M Refinancing for Denver Apartments

Greystar Secures $99M Refinancing for Denver Apartments

In 2018, Greystar successfully developed The Fitzgerald, a luxury multifamily community in Denver consisting of 282 units. Recently, JLL Capital Markets facilitated the refinancing of this property for $99 million through a three-year floating-rate loan from Otera Capital.

According to Commercial Edge reports, HSBC Bank USA provided the initial construction loan of $95.8 million for The Fitzgerald’s development in 2018.

Featuring studio, one-, and two-bedroom floorplans ranging from 525 to 2,761 square feet across its eleven stories, The Fitzgerald offers residents top-of-the-line amenities such as a swimming pool and fitness center. Other notable features include coworking spaces and private meeting rooms for added convenience. Additionally,the property boasts approximately300 parking spaces and around 8

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