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10/16/25
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The Deveraux, a newly constructed, 374-unit multifamily community in Denver’s vibrant River North (RiNo) neighborhood, has been refinanced with a new loan for $83.8 mil. The property, which includes 21k sf of Class A retail space, is located at 2950 Arkins Ct, east of I-25 off Brighton Blvd.
The property, delivered in July 2024, features a mix of studio, one- and two-bedroom floor plans averaging 732 sf in size. Despite significant supply in the RiNo submarket, The Deveraux has demonstrated exceptional leasing velocity, underscoring its appeal and strong market demand.
The financing was secured through bank lease-up execution on behalf of an undisclosed borrower. Newmark’s Lee Redmond, Nick Schroeder, Courtney Crowder and Jack Kachadurian arranged the loan.
According to Newmark Research, Denver remains one of the nation’s most active markets for new multifamily deliveries, with elevated completion levels expected to continue through 2025 as the surge of 2021–2022 starts comes online – particularly across urban-core submarkets like RiNo.
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