Home Builders Association of Metro Denver faces foreclosure HQ
The final result for new good sense to build Colorado Capital Bank filed its intention to foreclose the Home Builders Association of Metro Denver’s headquarters building in late December, according to filings with the office of the Arapahoe County Public Trustee’s.
The HBAs Colorado Capital has an outstanding loan amount of $ 1.4 million, the filing shows. The HBA is to consider how to deal with the foreclosure, the data was according to the group, including the continuation of its existing delinquent mortgage loan negotiation, finding outside investors for the home and looking for new office space. It was also give the best benefit as long as this month.
The association is building on 9033 E. Easter in Centennial Place. It covers about 27,000 square meters and was built in 1979, according to Arapahoe County property records. Loans secured by the building have matured, but the bank refused to extend it. “After months of negotiations diligent effort on our part, however, the lender began foreclosure proceedings on such an outstanding debt. Reinhardt was unavailable for comment Thursday afternoon. Foreclosure filings on December 28 to give the $ 1,400,000 outstanding balance, including interest on the mortgage loan HBAs Castle Rock Colorado-based Capital Bank. The original loan amount was $ 600,000.