May
25
HFF Facilitates Financing for Denver Industrial Asset
ByThe 83,133-square-foot warehouse will start fresh in 2017 as creative office space.
2323 Delgany St., Denver
Denver—Working on behalf of a joint venture between EverWest Real Estate Partners and WHI Real Estate Partners LP, HFF has arranged $15.5 million in bridge and construction financing for an industrial warehouse located in Denver’s River North District.
HFF secured the fixed- to floating-rate loan through First National Denver—a division of the First National Bank of Santa Fe. The initial batch of fixed-rate funding will be used to acquire the 83,133-square-foot property at 2323 Delgany, while the future floating-rate funds will be used to facilitate the asset’s conversion into creative office space…
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