A Colorado real estate investment firm has secured a $15 million loan to construct an apartment complex and RV park in Grand Junction.

Four Points Funding received the loan from FirstBank for the Eddy at Grand Junction. The project will include a 96-unit apartment complex and 74-unit RV park.

“Grand Junction has all the key fundamentals to benefit from the migration to Colorado’s Western Slope,” said Stephanie Copeland, a partner at Four Points Funding. “Good schools, exceptional hospitals, outdoor recreation, a recently expanded airport and a growing small business community make Grand Junction an attractive place for young people and families seeking an alternative to the density of the Denver and Boulder markets.”

Stacey Novak, vice president at FirstBank, said she was excited to work with Four Points Funding on the project. “We’ve been watching Grand Junction’s growth trajectory for some time and recognize how much housing resources are needed to help this wonderful community continue to be a great place to live, work and play for many Coloradans. We know Four Points will make a sizable impact, and are excited to bring their vision to life.”

Four Points Funding focuses on Colorado projects located in opportunity zones offering tax incentives for investments. Most of those projects involve multifamily housing developments in areas experiencing rapid population and economic growth. 

For more information about Four Points Funding, log on to www.fourpointsfunding.com.