JLL Capital Markets Group Secures $32.125 Million in Construction Financing for 198-Unit Multifamily Development in Seguin, Texas
SAN ANTONIO, TX – JLL Capital Markets announced today that it has closed the $32.125M construction financing for the development of The Virginia, a 198-unit market-rate multi-housing project located in Seguin, Texas. JLL represented the borrower, Periscope Capital Investment and Verdot Capital, to secure the 15-year, floating-rate loan through a regional bank. With an anticipated completion in 2024, the three-story project will offer one-, two- and three-bedroom units, averaging 892...
Source: multifamilybiz.com
