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Denver Office Complex Enters Receivership Amid Loan Default

2/20/2026

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Summary

Story summary

A Denver Tech Center office complex entered receivership after Melcor defaulted on a $10.6 million loan from Genworth Life Insurance Co. due by June 2025.
As of January 28, Melcor owed $9 million on the loan, with 9.9% annual interest.
The court appointed Trigild IVL LLC as receiver on February 9.
Pat Melton, Melcor's leasing director, said the Denver market is worse than Phoenix, with high vacancy and costs.

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Story summary

A Denver Tech Center office complex entered receivership after Melcor defaulted on a $10.6 million loan from Genworth Life Insurance Co. due by June 2025.
As of January 28, Melcor owed $9 million on the loan, with 9.9% annual interest.
The court appointed Trigild IVL LLC as receiver on February 9.
Pat Melton, Melcor's leasing director, said the Denver market is worse than Phoenix, with high vacancy and costs.