 Littleton, CO - August, 2006
Fairpointe has been busy with setting up development loans for fill-ins. With the changing economy in Colorado, Fairpointe has been working with developers that are finding land and lots in established areas. Our recent purchase of lots in Old Town Fort Collins is a recent example of merging IRA money with developers in an area that is still growing. The developers secured the property with none of their own money. The IRA investors hold the deed of trust and note with a higher than market return. The value of the lots secures the note below 50%.
Fairpointe has helped developers in Denver, Colorado Springs, and Loveland accomplish the same goals.
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