JLL Capital Markets announced it arranged acquisition financing for Savoy Manor, a 192-unit multihousing property located in Houston, Texas.
JLL worked on behalf of the borrower, REEP Equity, to secure the 10-year, floating-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo lender.
Offering one- and two-bedroom options, all Savoy Manor units include private patios, sunrooms or balconies, and spacious walk-in closets. Select units also include updated faux wood flooring and wood-burning fireplaces. Community amenities include a swimming pool, playground area, fitness center and a barbecue-equipped picnic area. The property is also pet-friendly and provides access to an on-site dog park.