Two Colorado Acquisitions - Denver, CO
$4,300,000 in total financing arranged by PlattPointe Capital.
DENVER, CO - PlattPointe Capital recently arranged acquisition financing for two Colorado properties with a private debt fund.
The first closing was a $2,300,000 short-term bridge loan at 70% LTV for the acquisition of a luxury duplex in one of Vail, CO’s most exclusive neighborhoods. The sponsor is a seasoned real estate investor who recognized an undervalued asset and wanted flexibility to sell one half of the duplex to recoup his initial equity shortly after closing and hold the other half long-term.
The second closing was on a 4.75-acre site to finance the horizontal infrastructure for 27 lots in Ft. Lupton, CO, a town in Colorado’s front range urban corridor. PlattPointe procured a $2,090,000 Acquisition and Development loan at 75% of the as-complete bulk value. The developer used the proceeds to get the land to shovel-ready finished lots to build entry level housing to support the rapid growth in the surrounding areas between the Denver, Boulder and Greeley MSAs.
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.plattpointe.com.
For any inquiries nationwide, please contact:
Steve Scrivener | 719.287.7427 | email@example.com
TRANSACTION BY THE NUMBERS
Vail Loan Amount
Ft. Lupton Loan Amount