Asana Partners Secures $125 Million Loan From Wells Fargo For Larimer Square In Denver
1400 Larimer Street, 1465 Larimer Street & 1317 14th Street
$125,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 9, 2026
About this deal
AI
A mixed-use portfolio located at 1400-1465 Larimer Street and 1317 14th Street in Denver, CO encompasses an area of 513,000 square feet and spans over 2.3 acres. The asset is part of Denver's oldest surviving commercial district, which includes a historic complex featuring 15 buildings with a total of 240,847 square feet that date back to the late 1800s.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $125,000,000
- Loan Type: Acquisition
- Lender: Wells Fargo Bank N.A.
- Landlord: Asana Partners
- Market: Denver, CO
The financing arrangement allows Asana Partners to utilize the $125 million secured from Wells Fargo Bank to enhance and manage the Larimer Square portfolio, which is vital due to its significance as part of the downtown Denver landscape. The properties involve various retail, office, and restaurant tenants, contributing to the area's vibrancy.
On the Map
$125,000,000
Mixed-use
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Players
Larimer Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93