**Newmark Facilitates $83.8M Refinance for The Deveraux in Denver’s RiNo District**
Newmark has secured $83.8 million in financing for The Deveraux, a newly built, 374-unit luxury multifamily community located in Denver’s River North (RiNo) neighborhood. The property also includes 21,000 square feet of Class A retail space.
According to Commercial Edge, the financing is a three-year note issued through BMO Bank. The asset is owned by Holland Partner Group. The new loan replaces a previous $82.5 million construction loan provided by Capital One in 2021.
Completed in 2024, The Deveraux offers modern living with a mix of studio, one-bedroom, and two-bedroom apartments, averaging 732 square feet. Each unit features keyless entry, while select residences include nine-foot ceilings and private balconies or patios.
Residents of The Deveraux enjoy upscale amenities, including coworking spaces, an outdoor lounge, a resort-style swimming pool, electric vehicle (EV) charging stations, and bicycle storage.
Newmark’s Lee Redmond and Nick Schroeder were responsible for arranging the debt placement.
