A lender wants a receiver appointed for a townhome project under construction near the Denver-Aurora line.

Churchill Funding I LLC said in a lawsuit last week that an affiliate of Denver-based RedT Homes owes $22 million on loans issued in 2023 for its Grand Ave project.

The project consists of 53 planned townhomes on the Aurora side in the 1200 and 1300 block of Akron Street, the 1300 block of Alton Street and the 9000 block of East 14th Avenue. Each will have three or four bedrooms and range from 1,500 to 1,800 square feet, according to the project’s website.

Churchill Funding said RedT defaulted on the loans by failing to make monthly interest payments since August, and by failing to pay off one loan upon maturity in September.

The lender asked that Ampleo Turnaround & Restructuring

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