FINANCIAL_SERVICESPENDING

Town of Frisco AgendaPacket 2026-06-09

Town to provide subordinate loans for West Main

[$_____] capital loan; [$_____] land lease loan; [$_______] gap loan (collectively, Subordinate Loans)Town of FriscoWEST MAIN APARTMENTS LLLPJune 9, 2026

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Description

The Town of Frisco plans to finance West Main Apartments LLLP’s 52‑unit affordable housing project through three subordinate loans: a capital loan, a land lease loan, and a gap loan, with exact principal amounts to be finalized. These loans will be subordinated to U.S. Bank’s construction mortgage under a pending Subordination Agreement.

Contract Details

Contract Amount

[$_____] capital loan; [$_____] land lease loan; [$_______] gap loan (collectively, Subordinate Loans)

Vendor

WEST MAIN APARTMENTS LLLP

Agency

Town of Frisco, CO

Contract Type

FINANCIAL_SERVICES

Document Date

June 9, 2026