Denver’s ‘tallest’ resi tower gets $80m boost

PM Realty Group and National Real Estate Advisors have secured a $79m construction loan for the development of The Confluence, a 34-story luxury residential tower that is set to become Denver, Colorado’s tallest. The four-year loan carries a 65 percent loan-to-cost. Rob Rizzi from HFF, which arranged the financing, said his team negotiated a “longer initial term with extension, providing more of a mini perm option without sacrificing the very low floating-rate or any other terms.”