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Phoenix & Southwest  + Southwest  + Apartments  | 
Denargo Marketplace

Lender Expresses Confidence in New Denver Projects

An $88.7 million construction loan went to an affiliate of Cypress Real Estate Advisors (CREA) for the development of a 336-unit multifamily community at 2600 Wewatta Way in Denver’s Denargo Market neighborhood. Pacific Western Bank’s Denver commercial real estate team provided the loan, which represents the third financing between Pacific Western Bank and CREA.

“Although Pacific Western Bank is new to the Denver market, we are proud to have forged strong relationships in such a short time. We’re confident in the projects that Cypress and other like-minded developers and investors are launching throughout Denver and the Rocky Mountain Region,” said Chris Erickson, EVP, regional manager for Pacific Western Bank’s Colorado Real Estate Group.

The property is located on the southern edge of the River North (RiNo) entertainment district in the Ballpark neighborhood on the northern periphery of Lower Downtown (LoDo) and Union Station.

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Chris Erickson

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Development
  • ◦Financing