Updated Oct 13, 2025
JLL Arranges $37.1 Million Loan For Ridian Apartments On Behalf Of Trailbreak Partners In Denver
3295 Eliot Street
$37,100,000
Units
123
Asset Type
MultiFamily
Closing
Oct 9, 2025
About this deal
AI
Ridian Apartments is a newly completed luxury multifamily property located at 3295 Eliot Street in Denver, CO. This asset comprises 123 units and spans a total of 132,000 square feet, offering resort-style amenities and 12 affordable units in a prime location near downtown Denver.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $37,100,000
- Units: 123
- Landlord: Trailbreak Partners
- Broker: Rob Bova - JLL
- Market: Denver, CO
JLL Capital Markets arranged the construction takeout financing for this property on behalf of Trailbreak Partners, facilitating a loan amounting to $37.1 million. The transaction highlights the involvement of Rob Bova from JLL, who represents the interests of Trailbreak Partners in this deal.
On the Map
$37,100,000
MultiFamily
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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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93