Section 538 loans in Colorado
USDA's public file lists 14 Section 538 guaranteed loans in Colorado, $13,217,499 in all, financing 406 apartments. 14 of them also used housing tax credits. The median loan covered 21% of total development cost.
Lenders on these loans
- BONNEVILLE MORTGAGE COMPANY, LLC13
- LUMENT REAL ESTATE CAPITAL, LLC1
Lender names as USDA records them. Open Country is not affiliated with any lender listed.
| Project | Closed | Loan | Loan to cost | Units | 1BR / 2BR / 3BR rent |
|---|---|---|---|---|---|
| Park Ridge Apartments Estes Park · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2025 | $1,090,000 | 14% | 32 | $975 / $1,150 / $1,350 |
| Platte Valley Terrace Apartmen Brighton · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2025 | $2,515,000 | 24% | 46 | $1,100 / $1,300 / - |
| Trail Ridge Apartments Estes Park · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2025 | $740,000 | 15% | 24 | $1,050 / $1 / - |
| Limon Apartments Limon · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2025 | $655,000 | 17% | 16 | $895 / $1,015 / $1,125 |
| White River Village Rifle · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2023 | $1,495,950 | 26% | 29 | - / $825 / $953 |
| Guadalupe Hacienda Antonito · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $788,180 | 32% | 24 | - / $739 / - |
| Valle Vista Center · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $594,743 | 26% | 20 | - / $724 / $817 |
| Gomez Manor Antonito · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $432,324 | 21% | 16 | - / $728 / $863 |
| Cielo Vista Center · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $445,000 | 19% | 24 | $631 / - / - |
| Sangre De Cristo Center · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $316,428 | 18% | 16 | - / $707 / $835 |
| Mount Blanca Alamosa · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $1,425,000 | 29% | 50 | $680 / - / - |
| Lamar Manor Lamar · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2010 | $790,099 | 46% | 33 | $495 / - / - |
| Villa Canon Apartments Canon · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2010 | $1,214,775 | 39% | 56 | $497 / - / - |
| Dove Valley Senior Apartments Milliken · New Construction · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2007 | $715,000 | 16% | 20 | $546 / $655 / - |