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

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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