John Richert and Marsha Blair arranged financing for an acquisition, renovation, and reposition of a Denver Metro Apartment in the amount of $26,100,000. The loan of the property is a 36month loan with 24 months of interest only.
The renovation costs add up to approximately $2,140,000 of the loan amount and will be disbursed as they are completed. The renovations on the property will include new exterior paint, new front entrance, exterior blinds, refinish landscaping, and complete renovations of 90 units. The current amenities of the property are on-site laundry, indoor and outdoor pool, fitness center, and library.