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Denver multifamily & commercial financing

Denver Apartment
& Commercial Loans.

Denver spent the last few years absorbing one of the biggest apartment building waves in the country, and owners have felt every month of it. We review apartment, multifamily, and commercial loans across the metro, with interest-only and cash out options for owners who want their buildings working harder.

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Apartment and commercial loans from $1 million to $30 million+

Local context

How Denver deals
actually look

All Colorado apartment financing
1

The city that kept building

For years, the cranes over RiNo, the Golden Triangle, and the blocks around Union Station never seemed to come down. All of those new buildings opened at roughly the same time, and they went after tenants the only way new buildings can, with weeks of free rent. By 2026 the City of Denver had the loosest apartment market in the metro, while suburbs like Jefferson County were among the tightest. That split matters, because two buildings ten miles apart can tell two completely different stories.

2

The buildings that held on are in the best spot

The older buildings that kept their occupancy through the toughest stretch are the ones Denver owners are refinancing now. A 1960s brick building in Capitol Hill that never needed to give away a month of rent, or a garden community in Aurora with long-term tenants, can be in a stronger position than a newer building still working through its lease-up. Those are the conversations we want to have.

Property stock

What Denver owners
actually own

01

Vintage brick apartment buildings

Capitol Hill, Cheesman Park, and Uptown are full of older brick apartment buildings with character that new construction cannot copy. They tend to hold tenants well, and they are often owned free and clear or close to it, which makes them natural candidates for a cash out refinance or an interest-only loan.

02

Newer mid-rise buildings in the urban core

RiNo, Five Points, LoHi, and the neighborhoods around Union Station have filled in with four and five story apartment buildings over the last decade. Many of them are finishing lease-up now, and the right next loan depends on how close the building is to a stabilized rent roll.

03

Garden communities and main street commercial

Aurora, Lakewood, Englewood, and the rest of the ring around the city hold most of the metro's garden-style apartment communities, along with the retail and mixed use buildings along corridors like Colfax and South Broadway. These properties often have the deepest tenant bases in the metro.

Programs that fit

Common Denver
loan programs

Interest-Only Apartment Loans

Interest-only payments for up to the full term on a stabilized Denver apartment building, often with more cash out than an amortizing loan allows.

Program details

Apartment Loans

Long-term financing for Denver apartment buildings from 5 units to 300+, from a vintage Capitol Hill building to a garden community in Aurora.

Program details

Cash Out Refinance

For owners who want to put the equity in a stabilized apartment or commercial building to work, up to 75% LTV on a refinance.

Program details

Bridge Financing

For a newer Denver building still burning off concessions, or a property in the middle of a renovation, until the rent roll is ready for a long-term loan.

Program details

1 to 4 Unit DSCR

For Denver duplexes, triplexes, and fourplexes held as rentals, from the Highlands to Park Hill.

Program details

We also review Denver commercial property, including retail, office, warehouse, self storage, and mixed use.

See commercial loans
Local complications

What changes the conversation
in Denver

01

Concessions and effective rent

Plenty of Denver buildings are still offering a few weeks free on new leases. The rent that counts is what tenants actually pay after concessions, so that is the number we start with, and it is usually the first thing we ask about.

02

Energize Denver

Apartment and commercial buildings of 25,000 square feet and up in Denver have energy performance targets to meet, with the final targets set for 2030 and fines for buildings that miss them. If your building is that size, it helps to know where it stands, because it can affect the expense side of the loan.

03

Hail and insurance

Denver sits in one of the most hail-prone parts of the country, and insurance premiums across the metro have moved fast. A current quote on the building, with the actual deductible and roof age, keeps everyone working from the same expense line.

Have a Denver building in mind?

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Further reading

Articles for Denver deals

GuideInterest-only or amortizingReadGuideWhy the appraisal comes in lowRead
Questions

Denver apartment and commercial loan FAQ

Does Capituro review apartment loans in Denver?+
Yes. We review apartment and multifamily loans across the Denver metro, including Capitol Hill, the Highlands, RiNo, Five Points, Aurora, Lakewood, Englewood, and Thornton. If the building is in the metro, we are happy to look at it.
What size Denver apartment loans do you review?+
Most of the Denver apartment loans we review run from $1 million to $30 million and up, on buildings from 5 units to more than 300.
Can I get an interest-only loan on a Denver apartment building?+
Yes. Interest-only payments for up to the full term are available on stabilized apartment buildings, and they are often paired with a cash out refinance so the owner keeps more of the building's monthly income.
My Denver building is still offering concessions. Can I refinance?+
Often, yes. We start with the rent tenants are actually paying after concessions. If the building is close to stabilized, a long-term loan may work today. If not, a bridge loan can carry it until the free rent burns off.
Does Energize Denver affect my refinance?+
It can. Apartment and commercial buildings of 25,000 square feet and up have energy performance targets, and missing them can mean fines. It does not stop a refinance, but it is worth knowing where your building stands so the expense side of the loan reflects it.
Do you review Denver commercial property too?+
Yes. We review retail, office, warehouse, self storage, and mixed use property across Denver, including main street buildings on corridors like Colfax and South Broadway, for purchases, refinances, and cash out.