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777 East 17th Avenue

Corum Real Estate Group, ProspectHill Group & Geolo Capital Secures $27.25M Loan For 124-Unit Multifamily In Denver
FINANCEDMultiFamily

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

Kristian Lichtenfels

JLL

Broker

$146.3M

vol

5 deals

Broker
JLL
JLLBrokerage
ProspectHill Group
ProspectHill GroupLandlord

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