Working on behalf of Willmax Capital, director Drew Kieslingarranged the five-year, fixed-rate refinancing through Archon Financial,a conduit lender.
Willmax Capital, Inc. is a real estate investorfocusing on value-added multifamily and mobile home park assets that typically entail substantial renovation and capital improvements.
Copper Chase is comprised of an 116,060-sf, 150-unit, two-story multifamily complex. Units range in size from 600 to 922 sf, and from one-bedroom/ one-bath to three-bedroom/one-bath.
"Willmax has done an excellent job with Copper Chase sinceacquiring it in 1999, making continuous improvements through strategic renovations and upgrades," says Kiesling. "To enhance revenues, further plans call for adding covered parking, on-site storage and a community pool."
Copper Chase Apartments, at 2041 Southgate Road in southwest Colorado Springs, is across the street from Broadmoor Towne Center, which is anchored by Home Depot, Searsand King Soopers.
With 17 offices nationwide, Holliday Fenoglio Fowler is one of thecountry's largest commercial real estate capital intermediaries. The firm provides its clients with a complete menu of capital solutions for each assignment from its integrated platform of debt, private equity, structured finance and investment sales. Since 1998, the firmhas capitalized more than $65 billion in all markets and property types.
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