Harmony, located in Aurora, Colorado is approximately a 1,400-acre master planned community which will be comprised of 3,900+/- home sites upon completion.  The Master Plan will consist of several unique neighborhoods with amenities such as a community center, swimming pool facility, fitness facility, sports courts and open space for events.

In phase 1, the sponsor intends to deliver ~500 finished lots to the builders with initial lot sizes ranges from 50’s to 63’s and the homebuilders intend to develop one and two-story product with anticipated sales prices starting at $350,000.

Harmony’s location in the East Aurora corridor is expected to be in the next big growth area for the Denver MSA. The property rests just 8 miles south of the Denver International Airport, and is within 20 miles of several major employment centers including: Buckley Airforce Base (~5k jobs), Fitzsimons Bio-Medical Campus (~12K jobs), DTC-Denver Tech Center (94K jobs), Denver CBD (~100K jobs), Southlands Mall, and E-470 Commercial corridor.

The financing structured by Tower Capital includes a $28,000,000 Senior Loan and a $28,000,000 Mezzanine Loan, which will act as a line of credit to the sponsor as they develop the lots throughout the masterplan.  In total, the development cost will exceed $200,000,000.  The initial 490 lots are anticipated to be delivered by the end of 2020.