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 Place at the entrance to the Union Station North neighborhood. The location of the fourth site is not being disclosed at this time.
“Our partnership is pleased to have Collegiate Peaks as our lender on these four acquisitions,” said Rhys Duggan, president and CEO of Revesco Properties. “They understand the market, understand us and they continue to demonstrate their ability to tailor financing solutions to fit our objectives.”
In recent months, Collegiate Peaks Bank’s parent company, Glacier Bank, was ranked third on Forbes’ list of America’s Best Banks for 2021. Forbes’ 12th annual look at America’s Best Banks ranks the 100 largest publicly traded banks and thrifts based on their growth, credit quality, and profitability.
“We take a great deal of pride in our ability to work with business owners and provide the funding they need to fulfill their visions,” said Troy Blessing, senior vice president and commercial banking manager with Collegiate Peaks Bank. “We have an outstanding relationship and proven track record with Revesco Properties and Alpine Investments and we’re looking forward to another successful venture with these four high-quality projects.”
Collegiate Peaks Bank has branch locations in Denver, RiNo, the Denver Tech Center, Thornton, Salida, and Buena Vista. Collegiate Peaks Bank is providing their banking customers with numerous upgrades, including new systems and banking products, including an updated mobile banking application and an expanded branch banking footprint, as well as a larger lending capacity.
