A $63 million loan for a multifamily community in the Boulder, CO area is the first loan made under a $2 billion platform secured by real estate in the United Kingdom, Ireland and the western United States.
The $2 billion initiative was launched by global real estate investment company Kennedy Wilson and Fairfax Financial Holdings earlier this year.
The $63 million senior bridge loan will support initial leasing of the-newly constructed project, which includes a mix of studios, one-bedroom, and two-bedroom multifamily units and ground-floor retail space within reach of the Denver and Boulder areas.
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Michael Riccardi
Michael Riccardi has been a reporter and editor at ALM publications for more than 20 years. A graduate of Villanova University's law school, he lives in Philadelphia. He can be reached at [email protected].
