The Redstones

The Redstones

$11,400,000 Bridge Loan

156,000 SF Office Park

Boulder, CO

HRC arranged $11.4 million (75% loan-to-cost) in non-recourse interim financing to process residential entitlements. In the event that the Borrower does not obtain entitlements, the loan allows the flexibility to re-allocate reserved funds to reposition the existing office park. The loan is floating rate over LIBOR and features a declining prepayment structure.

 

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