Trailbreak Partners Secures $24.3M Loan For 32nd And Eliot Apartments In Denver

The 32nd and Eliot Apartments, located at 3245 N. Eliot St in Denver, CO, is a Class A multifamily community. The development received $24.3 million in construction financing from FirstBank of Florida. The three-story building will feature 124 apartments of studio, one- and two-bedroom units with an average size of 647 square feet. Twelve units will be affordable, catering to residents earning up to 80 percent of the area's median income. Amenities include in-unit washers/dryers, balconies, large windows, stainless steel appliances, custom cabinetry, luxury vinyl plank flooring, and walk-in closets.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $24,300,000.00
• Borrower's Rep: Rob Bova(JLL)
• Lender: FirstBank of Florida

Rob Bova from JLL Capital Markets led the team that secured the senior construction loan through FirstBank for the development of 32nd and Eliot Apartments. The community will offer a range of amenities including a clubhouse, resort-style plunge pool, hot tub, courtyard, roof deck, remote working spaces, a fitness center, and a sub-grade parking garage.