6320 Kearney Street

Auction Deadlines

• Launch Date: Wednesday, August 12, 2026
• Indicative Bid Deadline: Thursday, September 17, 2026
• Final Bid Deadline Thursday, September 24, 2026

• MAI Appraisal (February 2025): $3,300,000
• Original Loan Amount: $2,062,500
• Current UPB: $2,280,000
• Estimated Payoff: Approximately $2,307,336
• Development Status: Fully Entitled / No Vertical Improvements

• The offering consists of a first-lien non-performing mortgage loan secured by approximately 2.48 acres of fully entitled residential development land located in Commerce City, Colorado.
• The loan originated to finance the acquisition and development of a 44-townhome residential project.
• The collateral consists of approximately 2.48 acres of fully entitled residential development land located in Commerce City, Colorado. The project has received Planned Unit Development (PUD) approval and final plat approval for the construction of 44 three-story townhomes.
• The entitlement package includes environmental and geotechnical reports, engineering, utility planning, development drawings, and transferable architectural plans.
• Commerce City has experienced continued residential growth driven by regional population expansion, employment growth, and its proximity to Downtown Denver, Denver International Airport, and the I-70 transportation corridor.