Livmark Properties Secures $115.5 Million Construction Loan For 457-Unit Apartment Community In Fort Collins

Union Park Avenue

$115,500,000

Building Size

—

Asset Type

MultiFamily

Closing

Jul 8, 2026

AI

The asset involved in this transaction is a multifamily development project located at Union Park Avenue in Fort Collins, Colorado. The property encompasses 457 units and has secured a construction loan amounting to $115,500,000.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $115,500,000
Loan Type: Construction
Loan-to-Cost Ratio: 88%
Landlord: Livmark Properties
Brokers: Daniel Eidson, Keegan Burger & Ben Applebaum - Concord Summit Capital

The financing for this development was facilitated by Concord Summit Capital, which arranged a non-recourse construction loan structured to combine two phases of development into a single loan. Additionally, there is a negotiated interest rate stepdown upon project completion.

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