Fiddler's Business Improvement District

Overview

Deal Type Debt Capital Markets
Tax Incentive Finance
Size $49.9 Million
General Obligation Refunding Bonds
Client & Transactional Partners Schnitzer West, LLC
Fiddler's Business Improvement District
Our Role Sole Manager

Summary

On June 1, 2022, KeyBanc Capital Markets (KBCM) closed $49.9 million of non-rated General Obligation Bonds issued by the Fiddler’s Business Improvement District. KBCM acted as the Sole Manager on the refunding bonds. The bonds will be used to re-finance outstanding bank loans and are secured by a general obligation of the Fiddler’s Business Improvement District, a quasi-municipal corporation located in Greenwood Village, Colorado.

The project, developed by Schnitzer West, is located southeast of downtown Denver adjacent to the I-25, and consists of three class-A office buildings totaling nearly 750,000 square feet of leasable area and an associated parking garage. Two of the buildings were completed in 2000 and the third, Palazzo Verdi, in 2008. Schnitzer West is one of the largest commercial office developers in the Seattle, Portland and Denver markets with over 12.1 million square feet of commercial office properties in these markets.

Recent Deals

July 2025

a portfolio company of 

and

$1.815 Billion

Senior Secured Credit Facilities

$900 Million

8.50% First Lien Secured Notes due 2032

Joint Lead Arranger
Joint Bookrunner

radiology-partners
June 2025

wwmg

formed and capitalized a joint venture with

iks health

Financial Advisor

western-washington-medical-group
June 2025

 

El Camino Commons

$74.8 Million

Construction Loan & LIHTC Equity

el-camino-commons
June 2025

scout

$280.2 Million

Senior Secured Credit Facilities

Coordinating Lead Arranger
Administrative Agent

scout-clean-energy-gonzaga-ridge

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