Griffis Residential obtained a $40 million refinancing of Griffis Belleview Station, a 238-unit multifamily community in Denver.

Built in 1999, the garden-style community consists of 11 three-story buildings on 11.20 acres and maintains strong occupancy at 94.96%. The property offers both traditional apartment homes and multi-level townhomes with direct-access garages. Amenities include a year-round pool, all-season spa, fitness center, off-leash dog park, outdoor grilling stations and clubhouse facilities.

The community is adjacent to the Belleview Station master-planned development, which upon completion will feature 2.2 million square feet of office space, 300,000 square feet of retail and two hotels. The apartments are positioned within walking distance of the Belleview RTD rail station.

Griffis Residential invested nearly $2.55 million in capital improvements since 2022. The sponsor has renovated 157 units.

JLL Capital Market’s Debt Advisory team, representing the borrower, was led by Kevin Barron, Eric Tupler and Jake Martin in arranging the seven-year, fixed-rate loan through a life company lender.