JLL Capital Markets announced that it has arranged a $7.517 million financing for House Apartments, a 54-unit multifamily property in Eagle, Colorado.
JLL represented the borrower, Brikwell, to secure the 10-year, fixed-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo Lender.
The House Apartments offers residents an ideal location with easy access to I-70. This prime setting provides convenient proximity to diverse shopping options while positioning residents to take full advantage of the area’s renowned recreational activities, including world-class golfing and hiking trails. Additionally, the property’s location in Eagle, Colorado, allows residents to tap into the region’s growing job market, combining professional opportunities with the area’s exceptional quality of life.
The House Apartments, built in 1998, is a three-story building situated on 4.82 acres. The property offers a total of 27,838 rentable square feet and features community amenities including an on-site exercise facility, community kitchen, elevator, and dedicated work-from home-spaces.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Tony Nargi.
“This financing represents a solid investment in the Vail Valley multifamily market,” said Nargi. “The House Apartments offers quality housing options in a desirable location, reflecting the continued demand for multifamily properties in Colorado’s mountain communities.”
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 sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
