Office Facade

Condo Development - Fraser, CO

$25,500,000 RLOC arranged by PlattPointe Capital.

FRASER, CO - PlattPointe Capital recently arranged a $25,500,000 senior construction revolving line of credit to start the construction of a 140-unit condominium project located near Winter Park Ski Resort in Fraser, CO. The development will be completed over three phases and is made up of 2 BD/2 BA units that average 1,000 SF each with each unit having a deeded one-car garage. The units will have contemporary open living designs with high-grade interior finishes.

Transaction Highlights
• $25,500,000 Revolving Line of Credit
• WSJP + 0.75%, Variable Interest Rate
• Two Year Term, plus Extension Option
• Lesser of 70% LTC/LTV

Given the high market demand in the Winter Park area for housing and a solid list of pre-sales,
the sponsor sought bank rates and execution for this project. PlattPointe ultimately sourced a regional bank who understood the market demand and was able to deliver a creatively structured revolving line of credit.

This senior loan now pairs with the $8,510,000 subordinate debt investment that was arranged last year by PlattPointe Capital as a part of the original land acquisition in the capital stack. This subordinate debt investment provided high combined leverage behind the senior loan, which substantially limited the equity investment requirement for the sponsorship team.

Please reach out if you have any interest in unit sales or further details related to this project.

About PlattPointe Capital:
PlattPointe Capital LLC is a boutique commercial real estate capital advisory firm that helps developers and investors navigate the ever-changing capital markets by arranging numerous 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.plattpointe.com.

For any inquiries nationwide, please contact:
Jason Aubrey | 303.598.3876 | jason@plattpointe.com
Creighton Bildstein | 303.589.4258 | creighton@plattpointe.com
Matthew Biegner | 720.470.7706 | matt@plattpointe.com
Steve Scrivener | 719.287.7427 | steve@plattpointe.com
Tanner Johnson | 515.447.8969 | tanner@plattpointe.com

TRANSACTION BY THE NUMBERS

Units For Sale

$25.5M

Loan Amount

70%

LTC/LTV

140