Construction Loan in Arvada Colorado
Broadmark Realty Capital (BRMK) funds $10.M for vertical construction of 16 townhomes in Denver, CO suburb.
Located one block from the light rail station this project sits 12 miles northwest of the Denver Central Business District in Arvada, CO. The townhomes will offer 3-bedrooms, 3-bathrooms, two-car garages, porches, and between 1,938 and 2,205 sq ft of living space. In addition, each unit will have upgraded finishes, including plank flooring, designer tile and lighting, higher-grade insulation, and outdoor porches.
Just north of the project is the Arvada Center for the Arts and Humanities, the largest metro area cultural institution outside of the city and county of Denver. It is located on the west side of the fast-emerging Olde Town Arvada district, which continues to provide a unique attraction to the general area.
Arvada is still in its growth phase, annexing land to the west and north. Most of the successful new development has occurred in areas of more rapid growth, which were essentially undeveloped prairie 10 to 15 years ago. This is true for Arvada, where most of the recent growth has occurred at the city’s western fringe.
As specialists in construction loans, we understand the funding needs of real estate developers, builders, and contractors. As quick as 24 to 48 hours, our expedited draw process gives you quick access to cash. Our loans can also be structured with a pre-draw to cover land and soft costs if needed.
Matt Hittson, Central Region
Tom Gunnison, Central Region
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