Livmark Properties has secured a $115.5 million construction loan for Collins at Union Park, a planned luxury multifamily community in Fort Collins, Colorado. The financing backs the development of 457 residential units and was arranged on a non-recourse basis with an 88% loan-to-cost structure. Concord Summit Capital arranged the debt for Livmark, aligning the capital stack to support both phases of the project under a single facility.
Collins at Union Park is planned as a multifamily community that combines upscale apartments with carriage homes. The design calls for a mix of residential formats intended to create a cohesive neighborhood environment. The project is positioned as a luxury offering within the Fort Collins rental market, with an emphasis on a broad amenity package and community-focused features.
Planned amenities at Collins at Union Park include a clubhouse and pool, as well as a golf simulator, playground, parks, trails, and various gathering spaces. These features are intended to enhance on-site recreation and social interaction for residents. The property is located within walking distance of the Front Range Village Shopping Center, placing retail, dining, and services in close proximity to the future community.
According to the parties involved, site work for Collins at Union Park is already underway. Vertical construction is expected to commence immediately at the project site, which is located on Un Pk Ave in Fort Collins, CO 80525. The start of vertical construction follows initial site preparation activities and is supported by the newly arranged construction loan.
The financing was arranged by Concord Summit Capital on behalf of Livmark. The Concord Summit Capital team of Daniel J. Eidson, Keegan Burger, and Ben Applebaum structured the debt facility. Eidson noted that the advisory team was able to consolidate two development phases into a single loan structure while negotiating a rate stepdown that would take effect upon completion of the project.
The transaction underscores the role of specialized capital advisory firms in assembling non-recourse, high-leverage construction financing for large-scale multifamily projects. With the loan in place, Livmark is positioned to advance Collins at Union Park from site work into full vertical development in Fort Collins.
