JLL Capital Markets Completes Construction Financing for 394-Unit The View at Sapphire Bay on Lake Ray Hubbard in Rowlett, Texas
DALLAS, TX - JLL Capital Markets announced today that it has closed the $58.3 million construction financing for The View at Sapphire Bay, a Class A, 394-unit, mid-rise multi-housing community located on the shore of Lake Ray Hubbard in Rowlett, Texas. JLL represented the borrower, Zale Properties, to secure the eight-year, fixed-rate construction loan through Principal Global Investors. Upon completion in May 2024, the five-story View at Sapphire Bay will consist of one-, two- and...
Source: multifamilybiz.com