LOAN CLOSING: 19 TOWNHOMES 83%LTC

PlattPointe Capital recently closed a $7,170,000 construction loan for the development of 19 for sale townhomes in Denver, CO. The project, named Berkeley Shores sits on a desirable property on the edge of Rocky Mountain Lake and is adjacent to Rocky Mountain Lake Park. Prices range are expected to be in the high $400’s to the high $500’s.

The developer, New Communities LLC, is seeking to capitalize on the residential growth in the Berkeley neighborhood of Denver with the project slated for delivery early 2021.

Construction

Loan Terms:

- Loan Amount: $7,170,000

- Leverage: 83% LTC

- Term: 18 Months

- Amortization: Interest Only

- No pre-sales required

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:

Jason Aubrey | 303.598.3876 | jason@plattpointe.com

Creighton Bildstein | 303.589.4258 | creighton@plattpointe.com

Matthew Biegner | 720.470.7706 | matt@plattpointe.com

Luke Johnson | 515-447-8969 | luke@plattpointe.com