MetLife Investment Management has provided multi-family owner and developer LMC $ 83 million in debt to finance a newly built residential complex near Denver’s central business district, according to Commercial Observer.
The five-year loan has been refinanced Radiant apartments, a new 18-story development 2100 Welton Street in the middle of downtown Denver.
MetLife’s Patrick Lim the mortgage came into being, which was closed on May 13th.
The property is on the corner of 21st and Welton Streets, one block away Regional traffic district20th Street outpost and Welton Light Rail Station; The area’s light rail system runs 113 miles over a dozen lines. Radiant is also surrounded by office buildings, food and beverage outlets, as well as urban parking spaces and a huge collection of medical facilities, including Saint Joseph Hospital.
Radiant Sports 329 studio, one, two, and three bedroom luxury units with rents ranging from $ 1,400 to $ 5,700 north, according to listing information from Apartments.com and the property’s website.
LMC started Renting the asset in the summer of 2019 after the development work was completed.
Scott JohnsonLMC’s Mountain States division president, at the time the company began leasing, said the property “redefines Denver living by combining walkability and a transit-oriented location next to the light rail with features and amenities that residents enjoy just can’t find it in any other shared apartment in town. ”
According to the property’s website, amenities include a terrace with city views that includes a pool and spa, as well as a coworking area with private offices, a beer garden and BBQ area, a communal area, and a lounge with a kitchen and game room and billiards, a 24-hour fitness center, an animal care station, a bicycle repair shop, charging stations for electric vehicles and a rooftop lounge with indoor and outdoor panoramic views. The property also has around 3,500 square meters of on-site retail space.