Vista Residential Partners Secures $40.4 Million Loan From Nationwide For Highline Vista Project In Littleton

The asset involved in this transaction is a development site located at 16 West Dry Creek Circle in Littleton, Colorado. This site is designated for the construction of a multifamily project consisting of 172 units. Vista Residential Partners acquired the land for $3.9 million and secured a construction loan of $40.4 million from Nationwide Mutual Insurance Co to finance the development.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $40,400,000
• Address: 16 West Dry Creek Circle
• Market: Littleton, CO
• Units: 172
• Lender: Nationwide Mutual Insurance Co
• Landlord: Vista Residential Partners
• Loan Type: Construction
• Land Acquisition Price: $3,900,000

Key individuals involved in the transaction include Vista Residential Partners, acting as the landlord and developer of the Highline Vista multifamily project, and Nationwide Mutual Insurance Co, which provided the construction financing for the project.