Finance

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 …

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 …

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 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 …

JLL Capital Markets has arranged $11.8 million acquisition financing for Willowbrook Apartments, a 95-unit, garden-style, multi-housing community in Westminster. JLL worked on behalf of Epic Investment Services to secure the seven-year, floating-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender. Willowbrook Apartments …

Two newly constructed properties that are part of the S’PARK master-planned community in Boulder, have been refinanced. PGIM Real Estate provided a $77 million loan—done through its U.S. core-debt strategy—to the joint venture of The John Buck Company, Kinship Capital, and Element Properties. The first property, Timber, features 150 luxury multifamily units …

JLL Capital Markets recently arranged $16.8 million in financing, on behalf of Flywheel Capital, for the purchase of a fully leased, three-property light industrial portfolio totaling 292,076 square feet in Commerce City, Loveland and Pueblo. The portfolio comprises 6300 Clermont, a two-building single-tenant asset in Commerce City; Campion Industrial Park, a three-building …

Mapleton Hill Investments LLC has received $29.7 million in commercial property-assessed clean energy (C-PACE) financing for its continuing care retirement community Academy Mapleton Hill, located at 311 Mapleton Ave. in Boulder. Imperial Ridge Real Estate Capital, a national private commercial real estate capital provider based in Colorado, provided the financing—one of …

Lee and Associates Research has just released a new report titled Effects of Changing Tax policy on Commercial Real Estate that examines the Biden administration’s proposal to nearly double the capital gains tax for people who make more than $1 million a year. The plan will tax capital gains at …

To help bridge a financing gap caused by the COVID-19 pandemic, developer Highland Development Co. has secured $9.3 million in financing for Signalmen Apartments, a 52-unit multifamily project in Denver’s West Colfax neighborhood. Tributary Capital arranged an $8 million construction loan through First Western Trust with a 75% loan-to-cost ratio and provided $1.3 …