JLL arranges $333.3M financing for a 3-property, 1,184-unit Colorado multifamily portfolio
United States, Oct. 26 -- JLL's Capital Markets group announced today that it has arranged $333.3 million in bridge financing for Palomino Park, an irreplaceable 1,184-unit multifamily portfolio located in the highly desirable Highlands Ranch master-planned community within metro Denver.JLL worked exclusively on behalf of a real estate fund advised by Crow Holdings Capital to secure the floating-rate loan through Greystar. The financing, which includes $325 million at initial funding and $8.32 million in future funding for unit renovations, retired existing the existing loans and provides capital for continued value-add execution across the three-community portfolio.Palomino Park comprises three distinctive rental communities, Red Canyon, G...
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