JLL Capital Markets announced that it has secured a $18.698 million financing for Red Table Apartments, a 77-unit multifamily property located in Gypsum, Colorado.
JLL worked on behalf of the borrower, Brikwell, to secure the 10-year, fixed-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo Lender.
Red Table Apartments offers convenient access to SR-6 and I-70. The community is located in the heart of the town, just near the Eagle County Regional Airport. The small town offers residents close proximity to various shopping opportunities, as well as hiking and golfing activities.
Gypsum, located in Colorado’s Vail Valley, offers residents easy access to world-class skiing and outdoor recreation, while maintaining a more affordable cost of living compared to neighboring resort towns.
Red Table Apartments, built in 2009 and expanded in 2018, offers residents a mix of studio, one- and two-bedroom units across a three-story building. The complex spans 3.56 acres and features 64,692 rentable square feet. The community boasts modern amenities including hard surface LVP flooring, stainless steel appliances and butcher block countertops in all units. Community features include a commercial laundry facility, basketball court, community grills, picnic patio area and 45 attached and detached garages.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Tony Nargi.
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 sales and 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.
