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.