Otera Capital Provides $99M Loan For 282-Unit Multifamily Property In Denver

Otera Capital has provided $99 million in financing for Fitzgerald, a 282-unit apartment property located at 1840 Market Street in Denver, CO. The multifamily asset, owned by Bob Faith of Greystar, secured a three-year loan arranged by JLL Capital Markets. The loan features a floating rate and was secured on behalf of Greystar.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $99,000,000
• Units: 282
• Address: 1840 Market Street
• Market: Denver, CO

The transaction involved several key individuals and companies. The lenders, Otera Capital, provided the $99 million financing for the apartment property. Greystar, represented by Bob Faith, serves as the landlord for Fitzgerald. JLL Capital Markets, with brokers Andy Scott, Charles Halladay, Jordan Angel, Rob Bova, and Ethan Habecker, were responsible for arranging the three-year loan on behalf of Greystar.