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Phoenix & Southwest  + Southwest  + Finance  | 

Park City MF Project Secures Development Funding

Lincoln Station, LLC secured $19.3 million in construction and permanent financing for development of Lincoln Station, a 76-unit mixed-use community to be built in the Kimball Junction area of Park City, UT. The primary owner and developer of the project is Crisco Development, LLC.

CBRE’s Mollie Means, Doug Birrell, Bruce Francis, Bob Ybarra, Dana Summers and Shaun Moothart originated the loan through CBRE’s FHA lending platform, on behalf of the borrower.

Birrell says, “Lincoln Station will add much-needed affordable housing to the Park City market. The developer has carefully designed a beautiful project that will be a valuable asset to the local community; the convenient location will be very attractive to residents working in Park City and throughout Summit County and surrounding communities.”

The loan is funded through the HUD’s Section 221(D)4 new construction mortgage insurance program providing an interest-only construction period of 20 months with a 40-year, non-recourse, fully-amortizing permanent loan.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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