Updated Sep 30, 2026
JLL Real Estate Capital Provides $86.05 Million Loan To Ian Griffis For 400-Unit Denver Property
2905 Inca Street
$86,050,000
Units
400
Asset Type
MultiFamily
Closing
Sep 29, 2026
About this deal
AI
The asset involved in this transaction is a multi-family property known as Griffis Union Station, featuring 400 units. The loan amount secured for this property is $86,050,000, and it is located at 2905 Inca Street in Denver, Colorado. The transaction took place in a market that supports a significant rental environment for multi-family dwellings.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $86,050,000
- Address: 2905 Inca Street
- Market: Denver, CO
- Units: 400
- Lender: JLL Real Estate Capital
- Landlord: Ian Griffis - Griffis Residential
JLL Real Estate Capital provided a five-year Fannie Mae mortgage for the property, facilitating the transaction for Griffis Residential. Ian Griffis represents the landlord's interests in the deal, ensuring the successful completion of this financial arrangement.
On the Map
$86,050,000
MultiFamily
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Players
Santa 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93