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HFF secured a $55 million acquisition loan through Freddie Mac's CME program on behalf of the buyers.
HFF, meanwhile, arranged $55 million of Freddie Mac financing to facilitate the property's acquisition. The loan, which will be securitized, was used to retire, through defeasance, a $31.6 million Freddie mortgage that was securitized through FREMF, 2013-K25. That loan wasn't ...
The property had been encumbered by Freddie Mac debt, including a $6.3 million supplemental loan that was securitized through FREMF, 2016-KJ08. That's been paid off.
93 percent occupied. Steadfast funded its purchase with a $47.1 million Freddie Mac loan originated by Berkeley Point Capital. The loan has a seven-year term and pays a coupon of 3.91 percent. It requires only interest payments for the first ...
The properties are the Ascend at Red Rocks, with 408 units at 13105 West 2nd Place, and Elevate at Red Rocks, with 172 units at 409 Zang St.
The buyer funded its purchase in part with a $28 million mortgage written by CBRE.
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