Greg Benjamin, vice president of NorthMarq's Denver office, arranged the financing on behalf of the borrower, The Preserve at The Fort Ltd.
Fort Collins, home to Colorado State University, has weathered the recession fairly well. For example, KB Home recently unveiled plans for an 850-unit single-family and condominium project in southwest Fort Collins, which also will include a small retail center, Dennis Welsch, president of KB Home Colorado tells GlobeSt.com.
The community, called Provincetowne, will have a completed value of about $140 million. In the first phase, 141 of the 331 homes will be ''affordable,'' aimed at buyers earning 80% of the area median income.
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