DALLAS – JLL Capital Markets announced today that it has arranged the refinancing of Central Park Apartments, a 144-unit, garden-style apartment community in North Dallas’ Vickery Meadow neighborhood.

JLL worked on behalf of the borrower, Frontline Holdings, to secure the 10-year, fixed-rate loan through Freddie Mac. The loan will be serviced by Jones Lang LaSalle Multifamily, LLC, a Freddie Mac Optigo℠ lender.

Central Park Apartments is located at 8325 Meadow Road one half of a mile east of North Central Expressway (U.S. Highway 75). Originally built in 1977, Frontline Holdings has invested more than $1 million in capital improvements to the property since acquiring it in 2016. The property consists of 12 two-story buildings that house 96 one-bedroom units and 48 two-bedroom units. Community amenities include a pool, fitness center, clubhouse, business center, on-site laundry facilities and 192 surface parking spaces.

The JLL Capital Markets debt placement team representing the borrower was led by Managing Director Mark Brandenburg and Associate Chad Russell.