Debt AdvisoryReal EstateSIGNED
JLL arranges $463M bridge financing for 8-property multifamily portfolio
Value
$463M
Target
8-property multifamily portfolio
JLL's Capital Markets group has arranged $463 million in bridge financing for an eight-property, 2,412-unit Class A multifamily portfolio. This financing is intended as construction take-out financing and is secured by properties in seven high-growth markets.
✦ Meridian Analysis
This is a completed financing arrangement where JLL acted as an arranger for bridge financing for a multifamily portfolio. The $463 million loan is for construction take-out, but the specific terms of the bridge loan, including its maturity, interest rate, or the identity of the lender, are not disclosed. The portfolio's geographic diversification across seven high-growth markets is noted.
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