BMC Investments Secures $53 Million Loan From FirstBank For Denver Development Site

The asset involved in the transaction is a development site located at 242 Milwaukee Street, Denver, CO. The total square footage of the site is 94,000. The transaction includes a construction loan amounting to $53,000,000 to refinance a planned Class A office and retail project, Milwaukee Place, being developed by BMC Investments.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $53,000,000
• Address: 242 Milwaukee Street
• Market: Denver, CO
• Asset Size: 94,000 sf
• Lender: FirstBank
• Landlord: BMC Investments
• Brokers: Justin Nelson, Eric Norris & PJ Feichtmeier - Walker & Dunlop
• Loan Type: Construction
• Scheduled Completion: Q1 2027

The transaction was facilitated by Walker & Dunlop, who arranged the construction loan from FirstBank for BMC Investments. The project is located in Denver’s Cherry Creek neighborhood and aims to enhance the local commercial landscape.