WASHINGTON D.C., August 1, 2019 – JLL announces it has secured $24.9 million in acquisition financing for 251 North, a 192-unit, garden-style property located at the juncture of Atlanta’s Midtown, Old 4th Ward and East Atlanta neighborhoods.

Working on behalf of Taurus Investment Holdings, LLC, JLL arranged the 10-year, floating-rate loan through Freddie Mac’s Green Advantage program. The loan will be serviced by Holliday Fenoglio Fowler LP, a JLL company and a Freddie Mac Optigo℠ lender. JLL also arranged the sale of the property to Taurus Investment Holdings.

251 North is located at 300 Cityline Avenue NE adjacent to outdoor recreation at Renaissance Park and Central Park. In addition, the property is near Midtown Atlanta’s job market and some of the city’s most popular entertainment and restaurants, including the Atlanta Beltline and Ponce City Market. Originally completed in 1989, the property consists of one- and two-bedroom floor plans that feature spacious layouts, walk-in closets and options for duplex/loft units. Community amenities include a resort-style pool, outdoor grilling station, cardio-based fitness center, 24/7 laundry facility and covered parking. 251 North was more than 93% occupied at closing.

The JLL Capital Markets team representing the borrower was led by senior director Jamie Leachman and director Ware Shipman.