JLL Capital Markets announced that it has arranged the $52.6 million property sale and $37.556 million financing of the Volta at Voyager multihousing community located at 11275 Nahcolite Point in Colorado Springs, Colorado.
JLL represented the seller, BY Development, to complete the sale to Mountain View Capital. JLL, on behalf of Mountain View Capital, secured a 4-year interest-only loan with a 3.25 percent interest rate at proceeds equivalent to 71.4 percent of the purchase price. The loan was provided by a national insurance company.
Volta at Voyager boasts a contemporary feel, with breathtaking mountain views and outdoor adventure opportunities nearby. The property is perfectly positioned with the perks of suburban-life amenities but in close proximity to downtown Colorado Springs and Denver. The property is also located near the area’s most prominent golf courses and parks, such as Garden of the Gods, and entertainment, dining and shopping, such as the Promenade Shops at Briargate and the InterQuest Marketplace.
Community amenities include an onsite Bark Park and Paw Spa for residents’ dogs, grill stations, pool and hot tub, resort-style clubhouse, fitness center, Serenity Center for relaxation and yoga and more.
Volta at Voyager includes 200 one-, two- and three-bedroom apartments contain five different layouts and range from 696 to 1,300 square feet. The majority of units feature patios and balconies, large kitchen islands, modern finishes and lighting, double vanity sinks and large walk-in closets, among others.
The JLL Capital Markets team representing the seller was led by Directors Mack Nelson and Christopher White.
“The strong pricing achieved for Volta at Voyager is a testament to the excellent quality of the asset, as well as the attractive fundamentals of the Colorado Springs market,” said Nelson. “Even during a global pandemic, Colorado Springs continues to attract new capital, both from within Colorado and on a national stage.”
The JLL Capital Markets team representing the new buyer’s financing was led by Managing Director Josh Simon and Senior Director Kristian Lichtenfels.
JLL delivers multihousing investors a full range of solutions through one diverse, integrated platform. The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors. JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients—whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.