Greystar Secures $50.2 Million Loan From Prudential Financial For Brighton Multifamily Community

The property involved in the transaction is a multifamily community located at 305 North 42nd Avenue in Brighton, CO. This 288-unit asset was constructed on nearly 13 acres and includes various unit sizes along with amenities such as a pool, fitness center, coworking spaces, and over 575 parking spots. The property secured a permanent loan of $50.2 million from Prudential Financial, maturing in January 2031.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $50,200,000
• Lender: Prudential Financial
• Landlord: Greystar
• Units: 288
• Market: Brighton, CO
• Note: Greystar secured the loan for Thayne Brighton, built last year.

Key individuals in this transaction include Greystar as the landlord and Prudential Financial as the lender, emphasizing their roles in facilitating the financing for this multifamily community.