Centennial Park Apartments is a 140-unit affordable, family property located in Longmont, Colorado.
$15,450,000 fixed rate tax-exempt bond financing providing new construction and permanent loan capital.
Red Stone purchased $15,450,000 of fixed rate tax-exempt bonds used to construct Centennial Park Apartments. The property, located in Boulder County, is approximately 15 miles northeast of Boulder. Red Stone’s bond financing was used in conjunction with Colorado Housing and Finance Authority’s Disaster Relief Funds used to support the new construction of affordable housing after the floods that struck northern Colorado in 2013.