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6/18/24
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The Prime Company (“TPC”) has refinanced Oxford Vista, a recently built, 146-unit Class A multifamily property in the Denver suburb of Englewood, CO, with a new loan for $34 mil. The 30-month, floating-rate loan was provided by Calmwater Capital.
The five-story in-fill development was delivered to market by TPC in December 2023. Each of the studio, one- and two-bedroom apartment homes features energy efficient stainless steel appliances, patio or balcony, walk-in closets, quartz countertops, washer and dryer and high speed internet. Common area amenities, include swimming pool and spa, rooftop sundeck, clubhouse with community kitchen, outdoor barbecues and fire pit, podcast studios, fitness center, pet park and dog washing station.
Oxford Vista is located at 4201 S. Navajo St in a submarket seeing increased investment and development as the city promotes more quality affordable housing near transit options. Oxford Vista is within walking distance of the Oxford Sheridan Light Rail station connecting the neighborhood with the major job hubs of Downtown Denver and Littleton via the D-Line on Denver’s RTD Light Rail system.
The property is also served by the nearby 135-acre River Point at Sheridan retail district offering more than 400k sf of shopping, dining, recreation, and entertainment options. It is also adjacent to the South Platte River Trail, a popular 11-mile route stretching from Littleton to Denver, along the South Platte River, popular among bicyclists and runners.
Calmwater’s Zachary Novatt, Larry Grantham and DaJuan Bennett originated the financing. According to Novatt, the neighborhood benefits from attractive demographics, affordable rents relative to other submarkets in the Denver MSA, access to public transportation and a growing social infrastructure.
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