GRS | Corteq recently completed assessment services on a $3.601 million refinance for Alvarado Place, a 99-unit apartment property in Colorado Springs, Colorado.
The interest-only loan was provided through Freddie Mac’s CME Program and will be serviced by Holliday Fenoglio Fowler, L.P. (HFF)—a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.
Alvarado Place consists of five, two-story buildings containing one and two-bedroom apartments which average 519 square feet each. GRS | Corteq sevices provided include a Phase I environmental site assessment, property condition assessment and other services. Denver-based GRS | Corteq director, Jeff Coyne, spearheaded the services package on behalf of HFF’s Denver office.