BMC Investments and Rockpoint have successfully closed on a $71 million construction loan to develop The Fillmore at Copperleaf, a new 229-unit rental community located in Arapahoe County, Colorado. This significant financing will support the creation of a modern residential complex in a sought-after Denver-area location.
Key Takeaways
- A $71 million construction loan has been secured for The Fillmore at Copperleaf.
- The project will feature 229 rental units.
- BMC Investments and Rockpoint are the developers behind the community.
- Walker & Dunlop Capital Markets arranged the financing.
- The loan was provided by Prime Finance.
Project Details and Location
The Fillmore at Copperleaf, situated at 4545 South Versailles St., will offer a range of residences including two-, three-, and four-bedroom layouts. Each unit is designed with attached garages and private outdoor spaces. The development aims to provide a high quality of life for its residents.
Community Amenities
Residents of The Fillmore at Copperleaf will have access to a comprehensive suite of lifestyle amenities. These include a clubhouse, dedicated coworking space, a resort-style swimming pool, fitness and yoga studios, a dog park, and electric vehicle (EV) charging stations. These features are designed to cater to modern living needs.
Strategic Location
The property is strategically located within Copperleaf, a large master-planned community comprising 2,300 homes. This prime location in the southeast Denver corridor places residents within the well-regarded Cherry Creek School District, offering convenience and access to desirable local services and educational opportunities.
Financing Arrangement
The $71 million floating-rate, interest-only bridge loan was arranged by a Walker & Dunlop Capital Markets Real Estate Finance team. The financing was provided by Prime Finance, underscoring the strong investment interest in the Denver-area multifamily market.