Redpeak Properties Secures $33.2 Million Acquisition Loan For Monaco Row In Denver CO

The asset involved in this transaction is Monaco Row, a garden-style apartment complex located at 4665 South Monaco Street, Denver, CO. The acquisition financing secured amounts to $33.2 million, with a loan type classified as acquisition. This multifamily property has been financed through a five-year, fixed-rate loan originated by Fannie Mae.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $32,200,000
• Lender: Fannie Mae
• Brokers: Tony Nargi & Eric Tupler - JLL
• Loan Type: Acquisition

The deal was facilitated by JLL, with Tony Nargi and Eric Tupler representing the financing process. The loan will be serviced by JLL Real Estate Capital, emphasizing the role of established brokerage firms in the acquisition financing of multifamily properties.