Trammell Crow Residential & Cigna Secures $75 Million Refinance Loan For Denver Multifamily Asset

The transaction involves a multifamily community located at 4882 South Newport Street in Denver, CO. Trammell Crow Residential and Cigna have secured a loan of $75 million to refinance the property. The financing is structured as a three-year, floating-rate loan intended to supplant the original construction loan.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $75,000,000
• Loan Type: Refinance
• Loan Terms: three-year, floating-rate loan
• Landlord: Trammell Crow Residential & Cigna
• Address: 4882 South Newport Street
• Market: Denver, CO
• Brokers: Leon McBroom & Mark Erland - JLL

This refinancing deal was facilitated by JLL Capital Markets, ensuring the transition from the original construction financing to the new loan arrangement. The key stakeholders in this transaction include Trammell Crow Residential and Cigna as the landlords, along with Leon McBroom and Mark Erland representing the brokers involved.