28 Unit Townhome Development - Denver, CO

DENVER, CO – PlattPointe Capital is pleased to announce the recent procurement of $5.8MM in senior construction debt financing for a 28-unit townhome development located in the Sloan’s Lake area of the Denver, CO MSA. PlattPointe was engaged by a seasoned Denver-based Sponsor, who has developed over 250 multifamily units to date, for their upcoming townhome project. The development will encompass a mix of one, two and three-bedroom units townhomes ranging in size from 1,359 square feet to 1,750 square feet with garages and rooftop decks. Units will be constructed over a 12-month period and will be listed for sale. PlattPointe was able to secure $3.2MM in preferred equity earlier this year for the project which will now subordinate to the senior construction lender. The development is expected to break ground in the Spring.

Financing Highlights
• 8% (WSJ Prime Rate)
• 12-Month Term with two 6-Months Extension Options
• 62% Loan-to-Cost
• Interest Only

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.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