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1010 West Colfax Avenue

Opus Development Company Secures $67 Million Refinance For 280-Unit Multifamily In Denver
FINANCEDMultiFamily

Opus Development Company Secures $67 Million Refinance For 280-Unit Multifamily In Denver

1010 West Colfax Avenue

$67,000,000

Building Size

Asset Type

MultiFamily

Closing

Jun 15, 2026

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:

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

Kristian Lichtenfels

JLL

Broker

$146.3M

vol

5 deals

Broker
Opus Development Company
Opus Development CompanyLandlord

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