Celebrating the Financial Closing of Reserve at Northglenn in Northglenn, Colorado
Congratulations go out to Security Properties on the closing of Reserve at Northglenn in Northglenn, Colorado! This development involves the preservation of 220 homes built in 2001 and the creation of an additional 40 homes, all of which will be made affordable to families. The onsite community room will be refurbished. Public transportation is located within a mile of the property along with ready access to shopping, health care, schools and community services.
Citibank provided $51.8 million of construction financing and an additional $36.7 million of Permanent Financing. Enterprise is thrilled to provide $22.6 million of equity towards this project on behalf of Freddie Mac.