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2480 Arapahoe Street

Värde Partners Provides $54 Million Loan For Edmond Curtis Park Multifamily In Downtown Denver
FINANCEDMultiFamily

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

Värde Partners
Värde PartnersLender

Denver MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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