JLL arranges $35.5 million financing for The Jax

Loan funds Casoro Group’s acquisition of the 322-unit San Antonio multi-housing property

13

JLL Capital Markets announced today that it has arranged $35.5 million in financing for The Jax, a 322-unit multihousing property in Northwest San Antonio.

JLL worked on behalf of the borrower, Casoro Group, to secure the five-year, floating-rate acquisition loan through Nexbank.

The Jax is a recently renovated garden-style community located at 12222 Vance Jackson Road near some of San Antonio’s best retail, dining and entertainment at Huebner Oaks Shopping Center and The Shops at La Cantera. The property is ideal for working professionals and students alike given its proximity to the USAA Headquarters, South Texas Medical Center and the University of Texas at San Antonio (UTSA). Units include a mix of one-, two- and three-bedroom floor plans ranging from 692 to 1,545 square feet. Community amenities include a swimming pool, lush courtyards with barbecue grills, children’s play area, 24-hour fitness center, clubhouse and business center.

The JLL Capital Markets team representing the borrower was led by Managing Director Mark Brandenburg.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients—whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.