This document summarizes a distressed residential development opportunity in southeast Denver that includes unfinished lots. It was originally planned as a 1,150 unit community but stalled during the recession after selling over 200 lots. The sponsor purchased the debt for less than 20 cents on the dollar and seeks a 95% equity investment of $5.93 million for development. The projections estimate a 24.56% unleveraged return within 24 months and full return of capital within 60 months through lot sales. The sponsor has experience with similar developments and public utilities are already in place.