JLL Capital Markets announced that it has arranged the $31.16 million refinancing for Epoque Golden, a 120-unit, Class A, four-story, luxury multihousing community in Golden, Colorado.
JLL worked on behalf of the borrower team, including Forum Real Estate Group, LLC (Forum), to secure the five-year, fixed-rate loan through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo lender.
Constructed in 2019, Epoque Golden offers studio, one-, two- and three-bedroom modern units with open-concept floorplans, quartz countertops, full-size washers and dryers, private balconies and walk-in closets. The community’s many amenities include a resort-style swimming pool, state-of-the-art fitness center with outdoor yoga terrace, a lushly landscaped courtyard with fire pits and grilling area, a speakeasy, private dining room, work-from-home space, an EV charging station and golf and ski storage.
The property is located at 1175 Newstar Way and provides residents with easy access to Highway 93 and Highway 6, as well as walkability to approximately 24 miles of hiking and biking trails.
“The stabilization of Epoque Golden is a key milestone of what we believe to be a successful project, with an ideal location and accessibility throughout the Denver Metro area,” said Andria Puckett, Director of Asset Management at Forum. “We are thrilled to have partnered with JLL Capital Markets for the refinancing loan and look forward to potential future partnerships.”
The JLL Capital Markets team is led by Senior Managing Director Eric Tupler and Managing Director Tony Nargi.
“Epoque Golden is an absolutely amazing, one-of-a-kind property. JLL is thrilled to be involved in this refinancing with such a great local developer and owner. Freddie Mac provided a very attractive five-year, fixed-rate, cash-out refinancing with full-term interest only and prepay flexibility in the last two years,” said Tony Nargi.
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. Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license.
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 and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
