Benenson Capital Partners and Mack Real Estate Group have secured an $81 million loan from Helaba to refinance 433 East 13th Street, CO reported. The mixed-use asset consists of 113 rental units, plus a Trader Joe’s supermarket at its base.
- Financing details: The 10-year, fixed-rate financing replaces previous construction debt on the property.
- Worth Noting: As an 80/20 development, 20 percent of the apartments have been set aside as affordable. Market-rate units range from $3,250 per month for studios and up to $7,000 for two-bedrooms. [CommercialObserver]