Parkview Financial has funded a construction loan to build an eight-story apartment and retail building in Denver. Developer Art District Holdings secured the $26 million loan.

Located at 1225 Santa Fe Drive, the 125,494-square-foot asset will include 126 apartment units and two ground floor retail spaces totaling 6,465 square feet. Additionally, the property will include parking on the first and second floors. The fully entitled project has now commenced construction with completion anticipated for summer 2021.

Parkview has provided in excess of $600 million in new construction financing across the United States over the last 24 months, and has previously funded projects on behalf of the developer.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Denver
Multifamily
Net Lease
Retail
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Development