Lending Portfolio
Transaction Details
The Cooper will be a five-story, 72-unit, Class A, multi-family property with a fitness center and retail space on the ground level and residential units on floors two through five. The development will offer studio, one-bedroom and two-bedroom units ranging in size from 491 square feet to 1,022 square feet. Property amenities will include EV car charging stations, a resident lounge, and a two-level parking garage. The project’s developer is Denver-based Elevate Companies.
Deal Basics
-
location
Lakewood, CO
-
loan amount
$24.6 Million
-
claim type
1st Lien
-
loan type
Construction Loan
-
property type
Multifamily