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Planned Retirement Community Receives $83M Construction Loan

HIGHLANDS RANCH, CO-A proposed $530-million senior community is getting a start with $83 million in construction financing. The project, called Wind Crest Community, is expected to be built in three phases.

By John Rebchook | Updated on April 24, 2006

(To read more on the debt and equity markets, click here.)

HIGHLANDS RANCH, CO-GMAC Commercial Mortgage Corp. recently provided $83 million in floating-rate construction financing for a senior housing property planned in Douglas County, near Highlands Ranch. Highlands Ranch, being developed by Shea Properties, is the largest master-planned community in the metro area.

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