DENVER, CO - JLL Capital Markets announced today that it has arranged $55.18 million cashout refinancing for The Iris, a 276-unit, garden-style apartment complex in the Denver suburb of Arvada, Colorado.
JLL worked on behalf of the borrower, VareCo, to secure the fixed-rate, ten-year, full-term, interest-only, Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC, a Fannie Mae DUS lender.
Constructed in 1970 and renovated in 2022, the six-building, three-story community.
DENVER, Jun. 21, 2023 - JLL Capital Markets announced today that it has arranged $55.18 million cashout refinancing for The Iris, a 276-unit, garden-style apartment complex in the Denver suburb of Arvada, Colorado. JL.
Embrey Completes Sale of Gateway Arvada Ridge in Denver
Embrey Management Services Retained for Property Management
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SAN ANTONIO, Feb. 2, 2021 /PRNewswire/ Embrey, a Texas-based diversified real estate investment company with a national portfolio, has sold its Gateway Arvada Ridge multifamily property in the Arvada submarket of the Denver MSA, Garrett Karam, Chief Investment Officer for Embrey, announced.
The property was acquired by The Praedium Group, a New York-based national real estate investment firm. Embrey Management Services has been retained to manage the property.
(PRNewsfoto/Embrey) This is a signature Embrey property in a highly desirable area that features luxury unit finishes such as quartz countertops, stainless steel appliances, large kitchen islands, walk-in closets, floor-to-ceiling windows and an expansive set of amenities for residents, Jimmy McCloskey, Executive Vice President of Development, sai