Boulder Housing Partners Board of Commissioners Meeting Agenda March 2026
Board Approves $3M Bridge Loan from FirstBank for Broadway Properties
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Description
Boulder Housing Partners Board authorized up to $3 million in new debt financing from FirstBank for Broadway East and West properties, to repay reserves used for prior loan payoff. The 3-year, interest-only loan is intended as a bridge until tax credit resyndication in 2027.
Contract Details
Contract Amount
Up to $3,000,000 (intended amount $2,100,000)
Vendor
FIRSTBANK
Agency
Boulder Housing Partners, CO
Contract Type
FINANCIAL_SERVICES
Document Date
March 9, 2026
Contract Term
3 years
Renewal Date
2029-03-11
Renewal Info
Three-year bridge loan; planned for resyndication and refinancing in 2027 with tax credit partnership. Interest-only during term.
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