FirstBank Provides $24M Construction Loan To CO Apartment

FirstBank, headquartered in Lakewood, CO, is financing construction of a 130-unit apartment complex in Louisville, CO’s newly developed neighborhood known as DeLo. The as-yet unnamed apartment development is situated on 12 acres, one block from Main Street, and will be completed in fall 2017.

Justin McClure of Foundry Builders, Inc. is leading the development of the project, in partnership with Drahota/Bryan Construction and OZ Architecture. “We chose to work with FirstBank because they are a well-respected local organization and believe in improving and developing communities,” McClure said. “They expressed an interest in the project early on and have been instrumental in getting it off the ground.”

Louisville is approximately 25 minutes from Denver, and 10 minutes from Boulder.