Trammell Crow Residential and Cigna have secured $75 million for the refinancing of One Seven at Belleview Station, a 250-unit luxury mixed-use community in Denver. The refinancing will retire the original bank construction loan.
JLL represented the borrowers in arranging the three-year, floating-rate loan through a national life insurance company. JLL had earlier assisted TCR with the JV partnership capitalization.
One Seven at Belleview Station, located at 4882 S. Newport St., is within the dynamic Belleview Station master-planned development, offering residents access to 2.2 million square feet of class A office space, 300,000 square feet of retail and the Belleview RTD light rail station. Situated near Interstate 25 and I-225, the location provides commuting to downtown Denver, Colorado Springs, Fort Collins and Denver International Airport, while also being in the heart of the Southeast Business Corridor.
Spanning 0.914 acres, and 69 percent leased, the com