JLL arranges financing for Katy multihousing community

Loan proceeds funded Hilltop Residential’s acquisition of the suburban Houston property

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JLL Capital Markets arranged acquisition financing for a multihousing community located in the Houston-area suburb of Katy, Texas.

JLL Capital Markets announced today that it has arranged acquisition financing for a multihousing community located in the Houston-area suburb of Katy, Texas.

JLL worked exclusively on behalf of Hilltop Residential to arrange the four-year, floating-rate acquisition loan through a national bank.

The community is situated on 14.44 acres along Grand Parkway. Completed in 2013, the community consists of a mix of one-, two- and three-bedroom homes averaging 933 square feet. Units feature stainless steel appliances, granite countertops, kitchen islands, nine-foot ceilings, wood-style flooring and private balconies. Community amenities include a resort-style pool, clubhouse, 24-hour fitness center, business center, resident long with TV and coffee bar, and lighted dog park with fountain. The community is zoned to top-rated Katy Independent School District campuses.

The JLL Capital Markets debt placement team representing the borrower was led by Managing Director Cortney Cole.

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.