Chicago, Illinois – NXT Capital announced today that it closed a $34 million first mortgage loan to refinance The Muse Apartments, a 120-unit, Class-A apartment community located in Denver, Colorado.
The property is located in the highly desirable Observatory Park neighborhood, directly adjacent to the entrance of the University of Denver. Community amenities include a rooftop lounge with BBQ grills, putting green and panoramic views of Downtown Denver and The Rocky Mountains, outdoor dining area with fire pit, clubhouse, bike and ski repair shop/storage, fitness/yoga center, pet spa and controlled access.
Silas Burke in the Los Angeles office of Clearview Realty Finance placed the loan with NXT Capital.
NXT Capital’s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse first mortgages of $10 million to $75 million for major-market properties targeting a DSC greater than 1.0X. NXT Capital provides structured financing solutions through its Real Estate Finance and Corporate Finance groups, originating transactions on a national basis. See www.nxtcapital.com.