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Loan for $112 million to help bolster Roseville project

Sacramento Business Journal
Ben van der Meer

A $112 million development loan should help launch work on an approved specific plan project in Roseville.

Creekview in Roseville would be a $150 million, 460-acre project with 1,450 single-family homes, 550 apartments and other development.

Bellstone Capital Advisors announced brokering the $112.59 million loan for Creekview, which would be developed by Anthem United. The actual lender was not named and a representative for Roseville-based Bellstone said he couldn’t comment beyond the announcement.

“We are very excited to be underway on this significant community which further demonstrates Anthem United ‘s commitment to the greater Sacramento market,” said Anthem United CEO Eric Carlson in an email statement.

In addition to the homes, Creekview would have what Anthem described as a 9-acre commercial gathering space, helping extend Blue Oaks Boulevard west to the Westpark development, along with 137 acres of open space, 16 acres of parks, a school site and extensive pedestrian trails tied to the city’s existing system.”

The land for Creekview is north and west of the West Roseville Specific Plan, south of Amoruso Ranch Specific Plan and southwest of the Placer Ranch Specific Plan . City officials first approved the plan in 2012, with some subsequent revisions, such as dropping 19.3 acres of commercial development and lessening some housing density.

Anthem United acquired the Creekview plan as part of its acquisition of local development group GBD Communities in 2015.