DENVER—HFF has arranged financing and joint venture equity for One Dartmouth Place Apartments, a 418-unit garden-style multi-housing community here.

HFF secured a $24.64 million, 10-year, 4.09%  fixed-rate loan through Freddie Mac's CME Program.

The securitized loan will be serviced by HFF through its Freddie Mac Program Plus Seller/Servicer program.  HFF also arranged joint venture equity for the project, which was provided from a family office based in Southern California.  The capitalization will facilitate the implementation of an extensive renovation plan for the property.

One Dartmouth Place Apartments is located at 11100 East Dartmouth Avenue approximately five miles northeast of the Denver Tech Center and is a 10-minute walk from the RTD Nine Mile light rail station.  Situated on 10.6 acres, the property is 95% leased and includes a mixture of studio, one- and two-bedroom units averaging 838 square feet each.  Community amenities include two heated swimming pools, sauna, fitness center, indoor racquetball court, outdoor sport court, playground, barbecue and picnic areas, a newly renovated clubhouse and business/community service center.

The HFF debt placement team representing the borrower was led by director Charles Halladay and associate director Brock Yaffe. 

HFF director Mark Erland worked to secure the joint venture equity along with associate director Yaffe and director Jordan Robbins.