Affinius Capital Provides $112M Construction Loan for Denver Multifamily Property
Trailbreak Partners will build a 295-unit apartment complex in Downtown Denver
By Brian Pascus February 4, 2025 1:35 pm
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Trailbreak Partners has secured $111.5 million in construction financing to build Kaia Residences, a 295-unit multifamily property with 290 parking spaces in Denver, Commercial Observer has learned.
Affinius Capital provided the financing, a $76 million senior loan and a $35.5 million mezzanine loan. Adam Hyman of Metropolis Capital Advisors arranged the financing.
Tom Burns, managing director at Affinius Capital, said in a statement that Kaia Residences sits in Downtown Denver’s “Golden Triangle” neighborhood, which features parks, cafes, restaurants and retail.
“The property aligns well with Denver’s health-focused residents featuring an impressive array of amenities,” said Burns. “We look forward to working with Trailbreak on this development.”
Located at 808 North Lincoln Street — near Governors Park, Sunken Gardens Park, the Cherry Creek river trail, and the Denver Botanical Gardens inside Cheesman Park — Kaia Residences will stand 18 stories tall.
Units will range from studios to three-bedrooms. On-site amenities for residents will include an infinity pool, a fitness center, and massage and acupuncture services.
Burns noted that a two-story lounge on the 17th floor offers “unparalleled Rocky Mountain views.”
Trailbreak Partners did not respond to requests for comment.
Brian Pascus can be reached at bpascus@commercialobserver.com