Toronto’s Brass Enterprises breaks into Mile-High City

Toronto-based Brass Enterprises landed a $44.1m Freddie Mac loan for its $67.9m acquisition of Lugano Cherry Creek, a 328-unit, Class A multi-housing community in Denver, Colorado. HFF arranged the seven-year, 3.45%, fixed-rate loan and also represented the seller of the asset, a fund managed by Dallas-based GenCap Partners. HFF had secured a previous $44.5m floating-rate loan from GE Capital Real Estate on GenCap’s behalf.