Bridge Loan Supports Lease-Up of Newly Developed Denver Apartment
MINNEAPOLIS – Värde Partners, a leading global investment firm specializing in credit and credit-related assets, today announced the closing of a $54 million loan to refinance Edmond Curtis Park, a newly developed apartment building in Denver, Colorado.
The financing was provided to a joint venture between Corum Real Estate Group, Geolo Capital and Prado Group to support the lease-up of the 185-unit, Class A multifamily property, which was completed in May 2025. The floating-rate loan was arranged by JLL and has a three-year initial term with two one-year extension options.
Located in the Curtis Park neighborhood, Edmond Curtis Park offers a mid-rise, boutique-style residential community within walking distance to downtown Denver. Amenities include a rooftop terrace, year-round heated pool and hot tub, co-working spaces, fitness center, underground parking and dog park.
“We are excited to partner with Geolo, Corum and Prado on this strong addition to the Curtis Park neighborhood amid growing demand in the area,” said Jon Miller, Managing Director at Värde Partners. “This opportunity reflects Värde’s commitment to providing flexible capital to experienced sponsors, and it’s an honor to work with Geolo as a repeat sponsor for our lending platform.”
Värde has originated over $8 billion in commercial real estate loans since 2017. Through its CRE lending program, Värde is a non-recourse, balance sheet lender financing all major asset classes. Värde focuses on providing flexible capital and certainty of execution to meet the needs of experienced real estate investors.
About Corum Real Estate Group
Corum is a Denver-based real estate firm specializing in property management, development, and asset management services. Founded in 1986, our clients value our local expertise along with the service that comes from working directly with our experienced staff. We develop, manage and invest in office, industrial, and multifamily properties that span the Denver metro area and into Colorado resort locations. For more information, visit www.corumrealestate.com.
About Geolo Capital Group
Geolo Capital, founded in 2005, is the San Francisco-based private equity investment arm of the John Pritzker family office. Historically focused on the hospitality and consumer sectors, Geolo is now a vertically integrated developer, investor and lender for hospitality and multifamily real estate. Geolo’s focus on long-term and sustainable growth in enterprise value is built on an in-depth understanding of industry fundamentals, established knowledge of demographic trends and consumer behavior. For more information, visit www.geolo.com.
About Prado Group
The Prado Group is a privately held real estate investment and development company headquartered in San Francisco, California. Established in 2003, The Prado Group develops, invests, and manages residential, retail, office, and mixed-use properties with a primary focus on in-fill, supply-constrained, “high-barrier-to-entry” markets. It combines the creativity and versatility of a boutique firm with the strict, cycle-tested discipline and risk management of an institutional investment firm. For more information, visit www.pradogroup.com.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Värde Partners
Värde Partners is a leading global investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $110 billion across the credit quality and liquidity spectrum and currently manages $16 billion in assets. With local investment teams and partnerships in North America, Europe and Asia Pacific, Värde invests across private and public markets with a focus on real estate, asset-based finance and corporate credit. For more information, please visit www.varde.com.