FirstBank Provides $55M Financing For Willoughby Corner Affordable Housing Development

Located on East Emma Street in Lafayette, CO, the property involved in this transaction is a Development Site. The loan amount for this development site stands at $55,000,000, with FirstBank providing the financing for the project. Molly Chiang of the Boulder County Housing Authority is the landlord overseeing the development of Willoughby Corner, a major affordable housing project in Colorado.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $55,000,000
• Lender: FirstBank
• Landlord: Molly Chiang - Boulder County Housing Authority

FirstBank's recent provision of $55 million in financing for the Willoughby Corner project showcases their dedication to supporting essential community initiatives and assisting developers in navigating intricate closing procedures, emphasizing their commitment to crucial community projects.