Griffis Residential Secures $40 Million Fixed-Rate Refinancing for Denver Transit-Oriented Asset

Griffis Residential secures a $40M fixed-rate loan for Griffis Belleview Station in Denver, highlighting strong lender interest in transit-oriented communities.

By: AXL Media

Published: Mar 12, 2026, 11:15 AM EDT

Source: https://www.multihousingnews.com/

Strategic Debt Structuring and Terms

The new financing for Griffis Belleview Station is structured as a seven-year, fixed-rate loan. JLL Capital Markets secured the capital through a life insurance correspondent lender, a move that provides the borrower with long-term interest rate certainty in a fluctuating economic environment. The successful placement of this debt was bolstered by the property’s strong operational fundamentals; at the time of the closing, the community maintained a robust occupancy rate of nearly 95 percent.

Transit-Oriented Location and Master Plan Synergy

Situated at 4400 S. Monaco St., the property is a prime example of transit-oriented development (TOD). It is located within walking distance of the Belleview light rail station and offers immediate access to Valley Highway, placing downtown Denver approximately 10 miles away. Critically, the asset is adjacent to the Belleview Station master-planned development—a massive mixed-use district designed to feature 2 million square feet of office space, 300,000 square feet of retail, and dual hotel components. This proximity ensures a built-in employment base and high-end lifestyle amenities for residents.

Asset Composition and Resident Programming

Originally constructed in 1999, Griffis Belleview Station spans 11 acres and consists of 11 three-story buildings. The project offers a unique mix of traditional apartments and townhomes, with floorplans averaging 996 square feet. All units feature modern necessities such as in-home washers and dryers, while select residences include premium features like fireplaces and private outdoor spaces. The community’s amenity package is geared toward high-end suburban living, featuring a resort-style pool and spa, a fitness center, a dog park, and a centralized clubhouse.