Denver Apartment Developer Secures Financing for 124-Unit Project

Trailbreak Partners has secured $24.3 million in construction financing for 32nd and Eliot, a 124-unit luxury multifamily development in Denver. JLL arranged the loan through FirstBank on behalf of the borrower. JLL Director Rob Bova lead the team that arranged the financing. Trailbreak acquired the site from Habitat for Humanity for $6 million. Twelve units will be designated as affordable, targeting individuals that earn at or below 80 percent of the area median income.

The three-story project is expected to offer studio, one- and two-bedroom floorplans averaging 647 square feet. Common-area amenities are slated to encompass a fitness center, swimming pool, roof deck, clubhouse and remote working spaces.

Located at 3245 N. Eliot St., the site is in Denver’s Highlands neighborhood and within walking distance of the Commons Park. Situated off North Federal Boulevard, it is roughly 3 miles from downtown Denver. Its proximity to Interstate 25 offers access to various employers and points of interest throughout the metro.