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DENVER — Opus Development and Ares Real Estate have secured a $67 million refinancing loan for Kalaco, a 280-unit mid-rise community in Denver. Kalaco was completed in 2024. The construction take-out loan was arranged by JLL’s Kristian Lichtenfels, Eric Tupler and Ellie Savage. The six-story building is comprised of studio, one-, two- and three-bedroom units and amenities such as a 233-space parking garage, resort-style deck with a pool and hot tub, fire pits and grilling stations, courtyard with lawn games, pet spa, outdoor dog run, a two-level fitness center with yoga studio, coworking spaces and a top-floor lounge.