Knighthead Funding Provides $21.5M Loan for Class-A Office Building in Colorado Springs
Knighthead Funding LLC has provided a local investor operating as Columbia Victory LLC with a $21.5 million loan to refinance a newly-built Class A, 125,750-square-foot office building in Colorado Springs. The property is part of Victory Ridge, a 153-acre master development that includes retail, office, entertainment, and housing. Located at 10855 …
Chicago Developer to Begin Construction of 346 Units in Colorado Springs Opportunity Zone
Chicago-based developer Jackson Dearborn Partners (JDP) will soon begin the ground-up construction of Solace at Cimarron Hills, a 346-unit multifamily community in Colorado Springs composed of 10 individual buildings and spanning approximately 366,440 rentable square feet. The 28.8-acre site is ideally located on the east side of the rapidly growing MSA …
Newly Constructed Multifamily Property in Wheat Ridge Sells to Seagate Colorado Partners
Seagate Colorado Partners, LLC, a seasoned, creative real estate investment company focusing its energies in urban and suburban areas in the Western United States, has purchased the newly constructed Outlook Clear Creek, a 310-unit multifamily property in Wheat Ridge, for an undisclosed sum. Seagate purchased the property from Evergreen Development. …
Piper Sandler Secures Financing for Public Infrastructure Needed to Build More Than 50,000 Homes in Colorado
In the past year, Piper Sandler’s Special District Group has secured financing for public infrastructure that will lead to the construction of more than 50,000 new homes across the state of Colorado. The homes include a mix of single-family detached homes and multi-family housing units, as well as more than 2,300 acres of parks and …
Broadmark Secures Construction Financing for Two Colorado Projects
Broadmark Realty Capital Inc. (“Broadmark”), an internally managed secured real estate finance company, has announced the origination of three short-term construction loans in the third quarter of 2021 totaling approximately $48.4 million. The loans include: $25.7 million to sponsor Alura Vail, LLC to fund the construction of Alura Vail, a …
Prime West Secures $90.4M in Capital for Opportunity Zone Multifamily Development in Aurora
Prime West has secured $90.4 million financing for the development of Claro at High Point, a 365-unit, Class A, garden-style multifamily development in an Opportunity Zone within Aurora. JLL Capital Market worked on behalf of Prime West to arrange opportunity zone joint venture equity through Bridge Investment Group Holdings, along with …
Cypress Real Estate Secures $88.7M Construction Loan for Denver Project
Pacific Western Bank has provided an $88.7 million construction loan to investment firm Cypress Real Estate Advisors (“CREA”) for the development of a 336-unit, Class A multifamily community at 2600 Wewatta Way in Denver. “We are thrilled to be partnering with Cypress yet again, providing financing on a best in class …
Workforce Housing Project Planned for Glenwood Springs
Greystone, a national commercial real estate finance company, has provided a total of $24,952,000 in HUD-insured financing for the construction of a 100-unit multifamily community in Glenwood Springs, on behalf of a joint venture between Triumph Development West, LLC and Four Points Funding LLC. When complete, Altitude Apartments will be …
Collegiate Peaks Bank Provides $12M Funding for Four Infill Apartment Projects in Denver
Colorado-based Collegiate Peaks Bank has committed $12 million in funding to Revesco Properties and Alpine Investments for the acquisition of four mixed-use infill apartment sites in Denver. The future projects will be located at 955 Bannock Street in the Golden Triangle, 46th Avenue and Tennyson Street in Berkeley, and 2009 Chestnut …
Broadmark Realty Capital Originates Construction Loan in Fort Collins
Broadmark Realty Capital Inc., an internally managed secured real estate finance company with an office in Denver, has announced the origination of a short-term construction loan totaling $31.5 million to sponsor Castle Rock-based Pacific North Enterprises, LLC (“Pacific North”). The loan will be used to fund the horizontal construction of a mixed-use …