Corum Real Estate Group, ProspectHill Group & Geolo Capital Secures $27.25M Loan For 124-Unit Multifamily In Denver
777 East 17th Avenue
$27,250,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 18, 2025
AI
The Kenyon is a newly built multifamily property located at 777 East 17th Avenue in Denver’s Uptown neighborhood. It features 124 residential units and is positioned in a significant market area of Denver, CO. The property has secured a loan amounting to $27,250,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $27,250,000
- Units: 124
- Landlord: Corum Real Estate Group, ProspectHill Group & Geolo Capital
- Brokers: Kristian Lichtenfels & Mark Erland - JLL
- Date: 07/18/2025
- Address: 777 East 17th Avenue
- Market: Denver, CO
JLL Capital Markets played a crucial role in arranging the financing for this deal, collaborating with the involved parties to execute the loan transaction effectively. The representation for the landlords in this transaction was handled by Corum Real Estate Group, ProspectHill 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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93