58 Unit Condo Development - Denver, CO
$16,100,000 loan arranged by PlattPointe Capital.
DENVER, CO - PlattPointe Capital arranged a $16.1M non-recourse construction loan to develop a 58-unit residential for-sale condominium building in Denver, CO. The building's 58 units will be a mix of one-bedrooms, one-bedrooms with a den, two-bedrooms and mezzanine units, ranging from $339,000 on the low end to $617,750 for the mezzanine units.
The developer and general contractor, Doug Means of Anderson Construction Inc., is seeking to capitalize on growth along the South Broadway corridor with the project slated for delivery in the third quarter of 2020.
• $16,100,000 loan amount
• 18-month interest only loan
• Non-recourse to sponsorship
• No pre-sales required
About PlattPointe Capital:
PlattPointe Capital LLC is a boutique commercial real estate capital advisory firm that helps developers and investors navigate the capital markets by arranging optimal alternative debt and equity options for a client’s project. Our vision is to engineer the most efficient capital stack based on the constraints of a given project and sponsor’s needs.
More information can be found at www.sobo58.com and www.plattpointe.com.
For any inquiries nationwide, please contact:
TRANSACTION BY THE NUMBERS
Units For Sale