Stormfield Capital Provides $18.35M Bridge Loan For 29-Unit Townhome Development In Denver

The asset involved in this transaction is a 29-unit townhome development located at 4305 West 46th Avenue in Denver, characterized as a condo property. The total project spans 52,529 square feet and is reported to be 90% complete.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $18,350,000
• Lender: James Weissenborn, Wesley Carpenter & Caroline Mahoney - Stormfield Capital
• Loan Type: Bridge
• Loan Terms: 2 years

This transaction was facilitated by Stormfield Capital, an institutional private credit manager specializing in real estate bridge lending. The lender has provided a bridge loan to finance the completion of construction and assist the sponsor with unit sellout in the Tennyson neighborhood.