DALLAS, Feb. 8, 2024 - JLL Capital Markets announced today that it has arranged the $175 million facility refinancing for a three-property, 882-unit, Class A multi-housing portfolio.
JLL Capital Markets worked on behalf of the borrower, an investment vehicle sponsored by Willow Bridge Property Company, to seed a larger programmatic financing vehicle, allowing for flexibility in future transactions. The +$2 billion fund vehicle is being deployed in a variety of core markets throughout the country through both development and acquisition opportunities. JLL secured the facility with Fannie Mae and closed on the five-year, fixed-rate initial tranche in January. The loan will be serviced by JLL Real Estate Capital, LLC, a Fannie Mae DUS lender.
The JLL Capital Markets team was led by Senior Managing Directors Andy Scott and Michael Cosby and Associates Bo Beidleman and Ryan Pollack.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.
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Jones Lang LaSalle Inc. published this content on 08 February 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2024 22:57:29 UTC.
