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Published on 8/30/2023 in the Prospect News Distressed Debt Daily.

Auraria Student Lofts cleared to use cash collateral through September

By Sarah Lizee

Olympia, Wash., Aug. 30 – 5280 Auraria, LLC, which does business as Auraria Student Lofts, secured approval to use cash collateral through Sept. 30, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Colorado.

DB Auraria and Auraria Stub, LLC have asserted an interest in the collateral under a prepetition assignment of rents, as previously reported.

Both have consented to the cash collateral use.

The company said it will use the cash to fund continued operations.

The San Clemente, Calif.-based company provides student housing in Denver. The company filed bankruptcy on June 9, 2022 under Chapter 11 case number 22-12059.


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