BEVERLY HILLS, Calif., Feb. 9, 2016 /PRNewswire/ -- Colorado Federal Savings Bank ("Colorado Federal") recently funded a $13,000,000 speculative construction loan with Sassony Development in the Trousdale Estates section of Beverly Hills, California.
The loan provides construction financing for a 14,000+ square foot home designed by renowned architect John McLean and built by Dugally Oberfeld. The architecturally significant modern home will feature unparalleled 280 degree views from downtown to the Pacific Ocean.
To learn more about Colorado Federal Savings Bank, the Builder's Lender, click here or call 855-404-3400, and start your next project today.
About Colorado Federal Savings Bank
Colorado Federal Savings Bank, a federally charted savings association formed in 1990, has approximately $1.5 billion in total assets as of September 30, 2015. The Bank operates a direct to consumer retail banking platform that offers competitively priced high yield savings and CDs to customers in Colorado and Nationally. Colorado Federal also provides construction and development financing to home builders across the nation.
Colorado Federal, Member FDIC and Equal Housing Opportunity Lender, is a separate but affiliated company under common ownership to Provident Funding Associates L.P., one of the nation's leading independent mortgage originators and servicers.
SOURCE Colorado Federal Savings Bank