Northlight Capital Partners Originates $52MM Loan for Colorado Residential Development Land
This article originally featured in Business Wire on February 8, 2022.
Northlight Capital Partners, a leading middle-market real estate credit fund manager, has originated a $52 million loan to fund the acquisition and horizontal development of 610 acres of residential development land in Aurora, CO. The loan is provided to a leading residential land development company located in Denver, CO. Located just east of Interstate 470 in Aurora, CO, the development property is a 610-acre site zoned for approximately 2,200 lots. The developer anticipates developing a broad mix of single family and single family attached lots for sale to national and regional homebuilders.
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