Phoenix & Southwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Bellwether Closes $48M Direct Bond Buy for Proposed Colorado Affordable Project
Bellwether Enterprise Real Estate Capital LLC closed a $47,600,000 direct purchase of tax-exempt and taxable bonds used to finance the construction of The Notable, an affordable multifamily housing property at 730 Simms St. in Lakewood, CO. Bellwether Enterprise’s Anthea Martin originated the loan on behalf of the borrower, Zocalo Development.
The Notable is a proposed five-story, 218-unit adaptive reuse multifamily community situated on more than six acres. Currently, the property consists of a four-story commercial office building, which has been fully gutted in anticipation of the rehabilitation.
Bellwether Enterprise’s Jim Gillespie and Ilya Weinstein led the private placement.
Martin says “Bellwether Enterprise is committed to preserving and creating affordable housing in communities like Lakewood. Our team is proud to have closed this deal during the Covid-19 crisis when access to high-quality, affordable housing options has never been more important.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development

