JLL Capital Markets Secure $38.45 Million in Acquisition Financing for 228-Unit Summit at Rivery Park Apartments in Austin Submarket
NEW YORK, NY - JLL Capital Markets announced that it has arranged $38.45 million in acquisition financing and secured the equity for Summit at Rivery Park, a 228-unit multi-housing community located in the Austin-area community of Georgetown, Texas. JLL worked on behalf of Austin-based sponsor, Old Three Hundred Capital, to arrange a joint venture equity partnership with Sound Mark Partners. Additionally, JLL secured the five-year, non-recourse, floating-rate acquisition loan through...
Source: multifamilybiz.com