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7/30/20
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Mass Equities Inc has obtained $62.75 mil in non-recourse bridge financing for a new 253-unit, Class A mixed-use development in Longmont, CO. The project, located at 150 Main St, in the heart of the city’s downtown area, was recently completed and is currently in lease-up.
The financing was arranged by Malcolm Davies and Zachary Streit, along with other members from the Davies Group, at George Smith Partners. It was sourced through Kennedy Wilson.
The four-story development was designed by Shears Adkins Rockmore Architects. It includes 10k sf of ground-floor retail space.
“This loan exemplifies our investment strategy of providing capital to strong sponsors with well-built projects in our core markets,” said Matt Windisch, Executive Vice President at Kennedy Wilson. “We have seen tremendous interest since launching the debt platform in May that has resulted in a significant pipeline of opportunities for us to consider.
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