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News release

Denver

Suburban Denver office refinance attracts credit union lender

JLL secures $66 million for the refinancing of Fiddler’s Green Center I & II


​​​​​DENVER, June 12, 2017 – JLL's Capital Markets experts today announced the firm secured $66 million for the refinancing of Fiddler's Green Center I & II. The loan was secured on behalf of The John Madden Company, the developer of the two Class A office buildings in Greenwood Village, Colorado. The loan structure was a 10-year term, 4.625 percent fixed interest rate, and a 30-year amortization from Bellco Credit Union.​

Managing Director Baxter Fain led the JLL team on the financing.

"This was a sought after lending opportunity as the deal included experienced sponsorship, best-in-class buildings and a prime location.  We were also very pleased with the service Greg Lundstrom and his team provided during the loan process," said Fain.

Located off Interstate 25, Fiddler's Green Center I & II total 206,759 square feet each and offer tenants access the area's main thoroughfare as well light rail and buses at Arapahoe at Village Center Station. The surrounding area includes retail amenities such as the Arapahoe Village shopping Center and the Comfort Dental Amphitheatre.

The buildings include an on-site deli, security attendants in the lobbies and 24/7 key card access for tenants.

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 a sale, financing, repositioning, advisory or recapitalization execution. In 2016 alone, JLL Capital Markets completed $136 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 2,000 specialists, operating all over the globe.​​

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