Colorado Federal Savings Bank: Construction Loan Update
Colorado Federal Savings Bank recently funded a $2M spec construction loan in Echo Park. Originally acquired in 2012, the land has since been subdivided into six single-family lots, and the bank’s loan provides construction financing for Marc Homes to complete a sizable new loft project. When finished, the new development will consist of six buildings, each four stories tall with units starting at 1,600 SF. Colorado Federal Savings Bank is a federally chartered savings association formed in 1990, with $1.5B in total assets. In addition to consumer banking, it provides construction and development financing to homebuilders nationwide. Colorado Federal Savings Bank is an Equal Housing Lender and Member FDIC. This solicitation is intended and directed to commercial customers only. It is not directed to or intended to be distributed to consumers. For more information on our Bisnow partner, click here.
