Phoenix & Southwest + Southwest + Finance | April 20, 2020

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.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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