DENVER — JLL Capital Markets has negotiated a $51 Fannie Mae loan for the refinancing of Elowyn Townhomes, a 211-unit townhome-style community located at 4725 W Quincy Ave. in Denver. The property was built in 1975 on a 14.7-acre site and recently renovated in 2024.
Elowyn Townhomes offers two-story units in one- and two-bedroom layouts. Units feature semi-finished, full floor plate basements, backyard patios, stainless steel appliances and fireplaces. Amenities include a pool and spa, clubhouse, barbeque grills and a sauna. The property is currently 97 percent leased.
JLL worked on behalf of the borrower, RedPeak Properties, to originate the five-year, fixed-rate, full-term interest only loan. Tony Nargi and Eric Tupler led the JLL Capital Market Debt Advisory team. The loan will be serviced by JLL Real Estate Capital LLC.