JLL Capital Markets Group Arranges $318.45 Million in Acquisition Financing for 1,494-Unit Multifamily Portfolio Across Three States
ORLANDO, IL - JLL’s Capital Markets group announced today that it secured a $318.45 million acquisition loan for a six-property, 1,494-unit multi-housing portfolio located across Maryland, Virginia and Alabama. JLL represented the borrower, Carter Multifamily, to secure the floating-rate, non-recourse bridge loan through J.P. Morgan Chase Bank that will facilitate a Single Asset Single Borrower (SASB) securitization, which is a single-loan large enough to create its own pool for...