Updated Jun 16, 2026
FINANCEDMultiFamily
Opus Development Company Secures $67 Million Refinance For 280-Unit Multifamily In Denver
1010 West Colfax Avenue
$67,000,000
Units
280
Asset Type
MultiFamily
Closing
Jun 15, 2026
About this deal
AI
The asset involved is a 280-unit multifamily property located at 1010 West Colfax Avenue in Denver, CO, covering an area of 1.91 acres. The transaction corresponds to a refinance loan amounting to $67 million.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $67,000,000
- Date: 06/15/2026
- Address: 1010 West Colfax Avenue
- Market: Denver, CO
- Units: 280
- Acres: 1.91
- Landlord: Opus Development Company
- Brokers: Kristian Lichtenfels, Eric Tupler & Ellie Savage - JLL
- Loan Type: Refinance
The refinancing was arranged by JLL Capital Markets for Kalaco, which is connected to a recently completed multifamily property, on behalf of Opus Development Company along with an Ares Real Estate fund.
Players
Avon MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93