FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


PlattPointe Capital Closes $14.5MM Loan for Colorado Homebuilder

August 02, 2019, 08:45 AM
Filed Under: Construction

PlattPointe Capital recently closed a $14,500,000 construction loan in Westminster, CO secured by a high-quality property to build 50 townhomes. The loan was referred by a local real estate attorney that was looking to help a very active developer client. The Sponsor had a hard deadline to start the project by July 2019 in order to secure the resources to start another project in early 2020.

PlattPointe Capital arranged non-recourse financing for the project through a Pacific Northwest-based private debt fund and structured the loan as interest-only during the construction period with an option for additional financing on other projects.

PlattPointe Capital provides alternative financing solutions to commercial real estate investors and developers. With a variety of commercial lending options, we pride ourselves on our ability to meet clients’ diverse borrowing needs with quality service and individual attention.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.