DENVER – JLL announced today that it has arranged the $41 million refinancing of Decatur Point, a 203-unit, Class A, mid-rise multi-housing property in Denver’s Jefferson Park neighborhood.

JLL worked on behalf of the borrower, Riverpoint I, LLC, to secure the 10-year, 3.56%, fixed-rate loan through a correspondent life company lender. The loan featured a forward-rate lock and interest-only amortization. The property is managed by Iron River Management, LLC whose principal, Jonathan Ringham, is also the lead investor in the property.

Decatur Point is located at 2700 Decatur Street just across the river from downtown and Union Station near some of Denver’s top dining, retail, recreation and nightlife destinations. The property is also minutes from the Cherry Creek and Platte River trails as well Speer Boulevard and Interstate 25. Completed in 2017, Decatur Point comprises a mix of studio, one- and two-bedroom units averaging 775 square feet with modern finishes and amenities, including full-size washers and dryers, private balconies and designated underground parking and bike storage. Additional common area amenities include a 3,500-square-foot landscaped courtyard with lounge seating; an outdoor swimming pool and spa; grilling and outdoor dining area; fitness center and yoga studio; club room with gaming area and bar; and a rooftop sky lounge with outdoor kitchen and cocktail station that provides panoramic views of the Denver skyline. The property is 96% occupied.

The JLL Capital Markets team representing the borrower was led by Managing Director Josh Simon.