REDWOOD CITY, CA—Indigo, a 470-unit, mid-rise apartment building here has acquired $121 million in non-recourse development financing through CBRE.

Brady O’Donnell of CBRE’s Denver office, along with Andrew Behrens and Jesse Weber from CBRE’s San Francisco office, and Mike Bryant from CBRE’s Dallas office, arranged the financing for Indigo on behalf of developer, The Pauls Corporation, a real estate development, investment and management company based in Denver, and Mount Kellett Capital Management, a multi-strategy investment firm, to secure the four-year, floating-rate loan through Wells Fargo.

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