$24.26m construction financing arranged for Denver multi-housing project
Trailbreak Partners has plans for the development of 32nd and Eliot Apartments, a 124-unit, class A, luxury multi-housing community in the highly coveted Highlands neighborhood of Denver.
JLL Capital Markets represented the borrower in arranging the $24.26 million construction financing for the development.
The three-story 32nd and Eliot will consist of studio, one-bedroom and two-bedroom units averaging 647 square feet. 12 of the units will be designated as affordable at 80 percent AMI. Units will feature in-unit washers and dryers, balconies and large windows, stainless steel appliances, custom cabinetry, LVP floors and walk-in closets. Community amenities include a clubhouse, a resort-style plunge pool and hot tub, courtyard, a roof deck with seating area, remote working spaces, a fitness center and a subgrade parking garage.
Situated at 3245 N Eliot St., the project is a 10-minute walk from the I-25 pedestrian bridge, providing direct