$2.7M in Financing for Colorado Springs, CO Townhome Project

construction financing in Colorado

Project Description

Broadmark Realty Capital is providing this repeat borrower with financing for Phase 1 of the townhomes at Jet Wing in Colorado Springs, Colorado. The townhomes will comprise a total of 48 units at completion. Phase 1 will include the horizontal development and vertical construction of the first 12 townhome units. Broadmark was able to close this loan in one week with a 65 percent loan-to-cost (LTC) ratio.

Loan Details

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Colorado Springs, CO

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January 2021

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$2,700,000

Contact Information

Matt Hittson, Central Region

Tom Gunnison, Central Region

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