Thorofare Capital has provided a $15,630,000 floating-rate senior loan for the refinance and lease-up of Treeline Apartments, a newly completed 68-unit Class A multifamily community located in the Sloan’s Lake neighborhood of Denver, Colorado.

The three-story elevatored property was completed in October 2025 and features a mix of studio, one-, and two-bedroom residences with premium finishes including stainless steel appliances, solid surface countertops, tile backsplashes, wood cabinetry, and in-unit washer and dryers. Community amenities include subterranean parking, a fitness center, a 1,400-square-foot rooftop deck, package room, storage lockers, bike storage, and smart keypad entryways.

The property is situated just northwest of downtown Denver in Sloan’s Lake, a highly sought-after neighborhood surrounding the city’s second-largest park and 177-acre lake. The area has experienced substantial revitalization over the past decade through mixed-use redevelopment, attracting residents seeking waterfront recreation, mountain and skyline views, and proximity to local restaurants, coffee shops, and boutique retail.

Loan proceeds were used to refinance existing construction debt, fund reserves for shortfall and post-completion costs, and cover closing expenses. The floating-rate, interest-only loan has an initial two-year term with extension options, providing flexibility for the sponsor to achieve full stabilization and pursue a long-term refinance.

The sponsor is a private real estate investment and development firm with a focus on multifamily communities throughout the Mountain West region. The firm has delivered multiple projects in Denver and surrounding submarkets and brings strong execution capabilities in ground-up development, lease-up, and property management.