JLL Arranges $37.1 Million Loan For Ridian Apartments On Behalf Of Trailbreak Partners In Denver
3295 Eliot Street
$37,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 9, 2025
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.
Players
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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93