Content area
Full Text
JLL Capital Markets announced today it arranged a total of $61.4 million in acquisition financing for Muir Lake Apartments, a multi-housing property located in Cedar Park, near Austin, Texas.
JLL worked on behalf of the borrower, Old Three Hundred Capital (OTH), to secure the $61.4 million acquisition financing through Walton Street. JLL also secured an undisclosed amount of equity through Arrowmark Commercial Real Estate Partners.
"We could not be more excited to acquire what we believe is Austin's most unique multi-housing property, said OTH Co-Managing Partner Nicholas Yarnall. The lakefront location, incomparable amenity set, and unique Spanish Coastal Architecture position this asset to stand out from the crowd once we complete our interior value-add program. We see...