JLL Capital Markets Group Secures $18.239 Million in Financing for 358-Unit Cambridge Estates Affordable Housing Community
DENVER, CO - JLL Capital Markets announced today that it has arranged the $18.239 million acquisition financing for Cambridge Estates, a 358-unit, garden-style affordable apartment community in Lafayette, Indiana. Approximately 41% of the units are covered by a long-term Project-Based Section 8 Housing Assistance Payments (HAP) contract. JLL represented the borrower, Brikwell, to secure the fixed-rate loan through Freddie Mac Multifamily. JLL and Freddie Mac were able to craft a structure that.....
Source: multifamilybiz.com