JLL Arranges $39.1M in Financing for Apartment Complex in Suburban Milwaukee
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$39M Construction Takeout Financing Secured for Suburban Milwaukee MF
JLL has arranged $39.1 million in construction takeout financing for Tennessen Flats, a 173-unit multifamily community in Menomonee Falls, Wisconsin, a Milwaukee suburb. JLL worked on behalf of the sponsor, Weas Development and Klein Development, to secure the floating-rate loan from Argentic. The financing refinanced the property’s existing construction loan. JLL’s Capital Markets Debt Advisory ...
JLL Arranges $39.1M in Financing for Apartment Complex in Suburban Milwaukee
MENOMONEE FALLS, WIS. — JLL Capital Markets has arranged $39.1 million in construction takeout financing for Tennessen Flats, a 173-unit apartment community in the Milwaukee suburb of Menomonee Falls. Phil Galligan, Brian Walsh, Christian Johnston and Merrick Evans of JLL secured a floating-rate loan through Argentic on behalf of the borrowers, Weas Development and Klein Development. The loan refinanced the property’s existing construction loan.…
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