OAKLAND, Calif., May 26, 2016 /PRNewswire/ -- Colorado Federal Savings Bank funded a $789,000 speculative construction loan on April 29, 2016, providing financing for a one-of-a-kind $1.3 million contemporary home in a coveted Oakland Hills neighborhood of the Bay Area. The project has already broken ground and is set to be completed by June 2017.
The two-story single family residence will sit atop the expansive 24,000+ square foot lot with views of the city, and is minutes away from Redwood Regional Park. Designed for privacy, convenience and the contemporary lifestyle, this project will be the 4th residential speculative construction project Colorado Federal Savings Bank has financed in the most desired neighborhood of this growing market.
With four spacious bedrooms and three full luxurious bathrooms, this property is a jewel. Tailored for the convenience of quiet city living, the 2,600+ square foot residence offers easy access to the San Francisco-Bay Area while also maintaining the unique privacy of this upscale neighborhood.
To learn more about Colorado Federal Savings Bank -The Builder's Lender- click here or call 855-404-3400 to start your next project today.
About Colorado Federal Savings Bank
Established in 1990, Colorado Federal Savings Bank is a federally chartered savings and loan bank that offers nationwide consumer deposit and commercial construction loans, and is an Equal Housing Lender. The bank specializes in acquisition, development and construction financing for qualified builders nationwide.
Colorado Federal Savings Bank 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.
This solicitation is intended and directed to commercial customers only. It is not directed to or intended to be distributed to consumers.
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SOURCE Colorado Federal Savings Bank