DivcoWest Secures $70 Million Refinance For 252-Unit Multifamily Community In Denver

A refinancing loan for a multifamily asset located at 2450 South University Boulevard in Denver, CO, has been secured. The property, known as 24Fifty at University Park, consists of 252 residential units and has a loan amount of $70,000,000. This financial transaction was arranged for DivcoWest and involves a five-year, floating-rate loan from a national debt fund.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $70,000,000
• Landlord: DivcoWest
• Loan Type: Refinance

The brokers facilitating this refinancing deal include Bradford Zampa, Michael Walker, Brady O’Donnell, and Jill Haug from CBRE. Their involvement highlights the professional representation of DivcoWest in this financial transaction, assisting in securing the necessary funds for the property.