Bascom Group Refinances Denver's Viceroy Observatory Park

The Bascom Group completed a $62.5 million refinancing of the 275-unit multifamily community in Denver.

Updated on Nov. 6, 2026 in Commercial

Three-story tan stucco and brick apartment building with balconies on a quiet Denver street, a young pine tree in front, and distant foothills under a clear sky. — The Bascom Group completed a $62.5 million refinancing of Viceroy Observatory Park, a 275-unit Denver multifamily community, with JLL arranging the financing through Prime Finance. AI Illustration. Upload story photo >

The Bascom Group completed a $62.5 million refinancing of Viceroy Observatory Park, a 275-unit multifamily community in Denver. JLL arranged the financing through Prime Finance.

Why it matters

The transaction reflects continued capital activity in Denver's multifamily sector, with the property changing hands and financing structure over the past several years. Residents will keep the same property management arrangement under AMC.

The community comprises 275 units with a mix of 20 percent studios, 60 percent one-bedrooms and 20 percent two-bedrooms. Unit ceilings range from 9 to 17 feet.

The players

The Bascom Group

The Bascom Group is a real estate investment firm that acquired Viceroy Observatory Park in 2018 and completed its refinancing.

JLL

JLL is a global commercial real estate services firm that arranged the financing for the transaction.

Mill Creek Residential

Mill Creek Residential is a multifamily developer that built Viceroy Observatory Park in 2018.

The details

SD-Cap oversees renovations and upgrades at the property, which includes a pool and spa, two-story fitness center, outdoor barbecue area and fire pit, coffee bar, game room, dog wash station and bike storage. Mill Creek Residential developed the community in 2018.

May 2018: Bascom acquired the property for $92.5 million.
2018: Mill Creek Residential developed Viceroy Observatory Park.
November 6, 2026: Refinancing completion was reported.

Market Landscape

The refinancing comes after Bascom paid $92.5 million for the property in May 2018, a higher figure than the $62.5 million loan secured in the current deal. The transaction reflects how the asset's financing has been restructured since its acquisition.

Residents of Viceroy Observatory Park will continue to be managed by AMC under the refinancing. The amenities listed, including the pool, fitness center and dog wash station, remain part of the community.

The takeaway

Commercial refinancings can change the financing behind a property without changing day-to-day management. For renters, the amenities and management company are often the practical details to watch.