Trailbreak Partners has successfully secured construction financing for a new multifamily project in Denver. The $160 million development, known as Kaia Residences, will be located at 808 N. Lincoln St. and is being financed by Affinius Capital through a $111.5 million loan.
In addition to the loan, Trailbreak also raised $50 million in equity for the project’s ground-up development. The name “Kaia” was chosen due to its Nordic origins which symbolize purity and life.
Strategically situated in Denver’s Golden Triangle neighborhood, Kaia Residences will consist of 295 residential units ranging from studios to three-bedroom apartments with street-level retail space available as well. Residents can enjoy various amenities such as a fitness center, infinity pool, spa offering traditional Nordic treatments like cold plunges and saunas along with massage and acupuncture services.
The property will also provide ample parking with 290 spaces available on-site for residents’ convenience.
Trailbreak Partners has an extensive portfolio that includes developments across multiple sectors including apartments hotels and retail properties.
