Other Multifamily News

WASHINGTON D.C. – JLL Capital Markets announces it has arranged $62 million in financing for The Daley at Shady Grove, a 333-unit multi-housing community with nearly 15,000 square feet of ground-floor retail located in Rockville, Maryland.

NEW YORK — JLL Capital Markets sold a performing loan portfolio for Macquarie Private Debt, a division of Macquarie Asset Management. The portfolio includes 11 floating-rate, first mortgage loans with a weighted-average spread of 3.83% over 30-day LIBOR. The loans are collateralized by several preferred property types that include multi-housing (66% of portfolio unpaid principal balance), self-storage (27%) and office (7%) and are located across the United States. The buyer acquired the performing loan portfolio for approximately $150 million.

Greystone, a leading commercial real estate lending, investment, and advisory company, has provided an $18,780,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 205-unit multifamily property in Tucson, Arizona. The transaction was originated by Judah Rosenberg in Greystone’s Los Angeles office. 

SAN FRANCISCO – JLL announced today that it has secured $34.5 million in financing for Waterscape Apartments, a 180-unit, garden-style apartment community in Fairfield, California.

DENVER – JLL announced today that it has arranged the $41 million refinancing of Decatur Point, a 203-unit, Class A, mid-rise multi-housing property in Denver’s Jefferson Park neighborhood.

SAN DIEGO – JLL announced today that it has arranged $50 million in financing for Pierside, a two-building, mixed-use property with 176 residential units and approximately 17,000 square feet of retail space in the coastal Southern California community of Oceanside.

NEW YORK, December 11, 2019 — JLL Capital Markets experts have successfully arranged a $47.5 million loan to refinance The 80th Street Residence, an assisted living facility specializing in enhanced memory care that is located at 430 East 80th Street. The group worked on behalf of owners Wayne Kaplan and Larry Morehead to place the loan with Israel Discount Bank of New York.

Multifamily industry leader, Regional Vice President Johnny De La Espriella honored during New York City reception

DENVER – JLL announced today that it has arranged $36 million in acquisition financing for The Reserve at Ridgewood, a 269-unit, garden-style apartment community in the Atlanta suburb of Sandy Springs, Georgia.

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