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Brighton BTR Community Investor Scores Construction Loan
IPA Capital Markets arranged $52.3 million in financing for the construction of two build-to-rent (BTR) communities. One of the properties, Ridgeline Vista Townhomes is in Brighton, Colorado.
IPA’s Capital Markets team was led by Adam Mengacci, managing director in IPA’s Dallas office. Mengacci worked on behalf of Republic Property Group to secure and structure two bank loans and $10.4 million in preferred equity. Republic Property Group has developments in excess of $7 billion in real estate across eight states.
“The BTR asset class has been the fastest-growing segment of the U.S. housing market, outpacing both the single-family home and multifamily housing sectors,” said Republic Property Groups’ Tony Ruggeri.
The community will feature amenities including two-car garages and fully maintained front yards
