Bankruptcy failed to stave off foreclosure at a townhome project in Denver’s Overland neighborhood.
Indicate Capital, a lender based in RiNo, took ownership of 19 townhomes at 2650 S. Delaware St. earlier this month when no one else bid at a foreclosure auction.
Indicate lent RedT Homes, the project’s developer, $8.6 million at the end of 2022.