JLL Capital Markets has arranged $333.3 million in bridge financing for Palomino Park, a 1,184-unit multifamily portfolio in the Highlands Ranch master-planned community in metro Denver.
JLL worked exclusively on behalf of a real estate fund advised by Crow Holdings Capital to secure the floating-rate loan through Greystar. The financing, which includes $325 million at initial funding and $8.32 million in future funding for unit renovations, retires the existing loans and provides capital for continued value-add execution across the three-community portfolio.
Palomino Park comprises three rental communities — Red Canyon, Green River and Blue Ridge — offering diverse unit mixes tailored to different renter demographics. Red Canyon features 304 luxury units with direct-access garages and a condo-style living environment. Green River comprises 424 townhome-style units with an average unit size of 1,129 square feet, the largest in the portfolio, along with 176 detached
