Colorado Market-Rate Apartment Construction

Apartment-Construction-Loan-Colorado-Outlook-Ridge-Phase-II-2.jpg



Love Funding closed a $13.7 million loan for the construction and permanent financing of the second phase of Outlook Ridge, a market-rate multifamily community in Pueblo, Colorado. The new construction will consist of five three-story garden style buildings joining five similar apartment buildings constructed during the first phase of development in 2014. The new buildings will house one-, two- and three-bedroom apartments, and all 10 buildings will share high-end community amenities. The financing was secured by Love Funding Senior Director Peter Wessel through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Wessel previously secured HUD funding for the first phase of development. N.E. Construction, LLP is leading the development, and the property will be designed by Godden Sudik Architects and managed by RSP limited. For more information contact Peter Wessel at (303) 777-5016 or pwessel@lovefunding.com.

Related Posts

InterPointe Apartment Homes November 26 1126 2013
Gates Manor December 31 1231 2013
Union Arcade May 14 514 2014
Marymount Manor May 27 527 2014
Encore Townhomes July 31 731 2014
Walnut Grove Nursing & Rehab November 13 1113 2014
River's Edge Apartments December 10 1210 2014
Santiam Memorial Hospital January 26 126 2015
Chisholm Creek Apartments May 25 525 2016
Overlook at Prestonwood September 16 916 2016