Paragon Mortgage provides new $ 53.4 million condominium loan in Colorado Springs, Colorado



“Eldorado Springs Apartments will meet the need for a new apartment building in the growing – but underserved – area of ​​the Southwest. Colorado Springs, “stated Kim Tainton, Vice President and Senior Underwriter of MAP at Paragon Mortgage Corporation.

Eldorado Springs, the construction of which is planned to begin July 2021, is a 3-story pedestrian-style condominium project that demonstrates an ongoing commitment to building community-oriented properties conveniently located close to shops, restaurants and entertainment, while maintaining the green design of buildings at the forefront. Of the 236 apartments, 86 are one-bedroom, 140 two-bedroom and 10 three-bedroom. In addition, the complex has a gated entrance, clubhouse, heated pool and spa, 24-hour fitness center, business center, barbecue and relaxation areas, bicycle storage, 467 parking spaces and Wi-Fi in public areas.

Room amenities
The apartments will be well-appointed, with nine-foot vaulted ceilings, ceiling fans, individually adjustable heating and air conditioning, private balconies or patios, walk-in closets, bathtubs, granite or quartz countertops, and Energy Star appliances including frost-resistant appliances. -Free refrigerators with ice makers, self-cleaning ovens, dishwashers, microwaves, trash cans, and full-size washers and dryers in each unit.

About Paragon
Paragon Mortgage Corporation is an FHA, HUD MAP and LEAN approved mortgage lender with over 34 years of experience exclusively in HUD insured finance. Headquartered in Phoenix, ArizonaParagon Mortgage is renowned for its highly qualified staff representing decades of HUD / FHA creation, underwriting and processing. This experience, combined with Paragon’s longstanding reputation in the industry and relationships in the developer community, led to the closure of more $ 3 billion in FHA insured loans. Paragon Mortgage specializes in FHA insurance loans for various types of projects – refinancing and acquisition financing at market rate, affordable multi-family services and healthcare.

For more information visit:

Lilla Abegg-Swanson
Vice President
Paragon mortgage
(602) 317-8798
[email protected]

SOURCE Paragon Mortgage Corporation

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