Värde Partners Provides $54 Million Loan For Edmond Curtis Park Multifamily In Downtown Denver
2480 Arapahoe Street
$54,000,000
Units
185
Asset Type
MultiFamily
Closing
Jan 26, 2026
AI
The transaction involves a multifamily asset located at 2480 Arapahoe Street in Denver, CO. This property is a 185-unit apartment complex known as Edmond Curtis Park, which was completed in 2024. A floating-rate loan amounting to $54 million has been secured for this asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $54,000,000
- Lender: Värde Partners
- Landlord: Mike Komppa - Corum Real Estate Group, Prado Group & Geolo Capital
- Market: Denver, CO
- Loan Date: 01/26/2026
The financing for the property was arranged by JLL Capital Markets, representing the interests of the joint venture comprised of Corum Real Estate Group, Prado Group, and Geolo Capital.
Players
Denver 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93