Commercial Observer reported that Madison Realty Capital provided a $100 million senior loan as part of a $125 million construction financing package for AVE Station House, a 13-story, 301-unit luxury multifamily development at 4001 Walnut Street in Denver's River North arts district. The project is being developed by RXR alongside joint venture partners Halpern Real Estate Investments, Korman Communities, and Invent Development Partners, with Korman Communities set to operate the asset upon completion. The development will include 271 market-rate apartments, 30 affordable units, 6,200 square feet of ground-floor retail, and a full suite of amenities across more than 291,000 square feet.

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