Parse Capital Closes $7.0 Million Preferred Equity Investment in Thornton, Colorado Multifamily Development

September 30, 2015 -Parse Capital (“Parse”) today announced the firm closed a $7.0 million preferred equity investment that will be used to partially fund the ground-up development of The Ridge at Thornton (“Project”), a 3 story, Class A, garden project, consisting of 280 residential apartments.

The preferred equity investment is part of a larger $53.9 million financing, which also included a first mortgage loan, provided by PNC Bank and equity capital provided by the sponsor.