Home 5 Company 5 REEP Equity secures acquisition financing for Savoy Manor in Houston

REEP Equity secures acquisition financing for Savoy Manor in Houston

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.

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