DENVER, May 24, 2022
/PRNewswire/ -- Rocky Mountain Industrials, Inc. (RMI),
Colorado's next generation
infrastructure company, announced today that it has closed a
$23,000,000 commercial bank financing
for the continued construction of its 620-acre Rocky Mountain Rail
Park located in Adams County.
The closing of this commercial transaction, coupled with the
tax-exempt municipal bond raise of $65,209,784 in 2021, solidifies RMI's ability to
activate large land parcels with heavy industrial zoning and direct
availability to high-capacity rail access in the eastern
Denver Metro market.
"This commercial bank financing continues our accelerated
development of the project. Our rail-based infrastructure solution
in Denver and the Rocky Mountain
Region is progressing rapidly," said Brian
Fallin, CEO of RMI. "We are pleased to start infrastructure
and rail construction on the northern parcels."
RMI began construction on the properties south parcel in
March 2021 and continues a phased
construction approach to the rail-served northern parcels.
Both rail and non-rail served sites are available for sale or lease
throughout construction in 2022.
Rocky Mountain Industrials Inc. is a
materials infrastructure and distribution organization
strategically positioned to serve the Mountain West.
The Rose Group
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SOURCE Rocky Mountain Industrials Inc.