Wintrust Denver Commercial Real Estate is celebrating a highly successful six weeks stretch of loan closings this Spring, garnering $87 million in balance sheet commitments and $141 million in total commitments closed, from the end of March through the beginning of May and comprised of five meaningful deal wins. In the same time frame, the team secured approximately $10 million in deposit accounts featuring full FDIC insurance coverage via the usage of MaxSafe®-insured accounts.

“Despite serious challenges facing regional banks, Wintrust Denver Commercial Real Estate remains active, robust, and healthy,” said Colorado Market President Andy Kolos. “As the broader market softens, we are staying busy, shifting our strategy, and finding creative solutions across multiple asset classes with top-quality sponsors pursuing projects both in-market and nationally. Our team worked tirelessly through this period, and we see a great opportunity to continue building market share and being here for our client base during volatile times.”

In partnership with another regional bank, the Wintrust team provided Fairfield Residential with $30 million in financing for a 387-unit multifamily development off U.S. Route 36 in Broomfield, Colorado. Wintrust’s existing relationship with Fairfield Residential led the developer to select Wintrust for its certainty of execution, its ability to finance larger deals with syndication, and its integrated full banking services platform complete with treasury management services.

Also in-market, Wintrust closed another deal for the financing of a 1,000-plus unit self-storage facility in the University Hills neighborhood in Denver, CO. The high-visibility transaction stemmed from a 15-year relationship between Kolos and the principal of a real estate investment company that dates back to graduate school at the University of Denver, turning longstanding trust into a partnership.  

Out of market, Wintrust financed several projects nationwide, including one with Broe Real Estate Group to provide $13 million in construction financing for a facility at the Savannah Gateway Park near the Port of Savannah in Rincon, Georgia. After recently closing another deal in-market with Broe, Wintrust was able to finance a second with a different asset type in a different market thanks to the team’s focus on high-touch service and relationship building. The two back-to-back closings have resulted in a strong base with a top Denver developer that is growing across Wintrust’s banking services platform.

In addition, Wintrust provided Huntington Industrial Partners, a versatile developer with national industrial investment experience, with construction financing for the development of an 85,000-square-foot industrial building in Douglasville, Georgia. Wintrust’s emphasis and true commitment to relationship-centric banking helped it stand out in a competitive process.

To round out the stretch, Wintrust provided the Rockefeller Group with an $83.9 million senior syndicated credit facility for a 654,000-square-foot logistics building situated on 59 acres in Spotswood, New Jersey. The deal stemmed from an existing relationship between Rockefeller Group and Wintrust Denver and was made possible thanks to the team’s creativity, flexibility, and collaboration with Wintrust Credit along the way. It was agented and arranged by Wintrust Bank and is one of the largest CRE loans the Wintrust Denver office has closed to date. 

“Andy’s work over the last year and a half-plus set the stage for what we’ve been able to achieve, and we’re incredibly proud of the effort our nimble team put in to get these deals over the finish line,” Wintrust Senior Vice President, Commercial Real Estate Lender Jason Weimer said. “We’re excited to continue establishing full banking relationships with top partners that leverage Wintrust’s breadth of quality services for collaborative and functional partnerships that bring speed to market, flexibility of terms, and certainty of execution.”

In addition to the five deal wins, Wintrust Denver recently celebrated the opening of its Denver HQ with an open house client event, grew its team with the additions of Portfolio Managers Naiana Wito and Katie Thomas, and launched its formal outreach initiative with local universities to identify talent and develop future leaders.  

“We’re committed to investing in the Denver community and putting down roots here, and our recent success only further solidifies that we’re building meaningful relationships with partners across the market in a mutually beneficial way,” said Kolos. “We’re focused on bringing Denver what Wintrust is known for in Chicago: great brand awareness, consistency, smart bankers, and committed team members who are focused on client engagement, partnership, and advocacy rather than just being another commodity in the market. We’re thrilled to be cementing the Wintrust brand into the Colorado market and can’t wait to see what the future holds.”

Learn more about Wintrust Denver Commercial Real Estate and Wintrust’s commercial banking services here.