Lument Arranges $27M Construction Loan For Mesa Verde Estates, Durango

The development site located at 380 Crader James Ranch Road in Durango, CO, was the subject of a $27 million construction loan facilitated by Lument. The loan was obtained by Mission Senior Living for the construction of Mesa Verde Estates, a 124-unit assisted living and memory care community.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $27,000,000
• Units: 124
• Address: 380 Crader James Ranch Road
• Market: Durango, CO
• Brokers: Rob McAdams, Sangjin Na & Steve McGee - Lument

The $27 million debt placement for Mission Senior Living was crucial in the development of Mesa Verde Estates, a community designed to offer assisted living and memory care services in Durango. Rob McAdams, Sangjin Na, and Steve McGee from Lument played a key role in securing the construction loan for this development project.