 |
| Westover Parc is a 160-unit, multi-housing property located at 6515 West McDowell Road, Phoenix, AZ |
PHOENIX, AZ –
JLL Capital Markets announced it has arranged a
$21.285 million refinancing for Westover Parc, a 160-unit, multi-housing
property located at 6515 W. McDowell Rd. in Phoenix, Arizona. 
Jamie Kline
JLL worked
on behalf of Next Wave Investors 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.
The Westover
Parc apartments consist of one-, two- and three-bedroom units ranging from 792
to 1,190 square feet. The gated community also features barbecue grills and
picnic areas and a fitness center.
Conveniently
located near the Papago Freeway, Westover Parc is a short drive to downtown
Phoenix and various colleges and universities, including Grand Canyon
University, Phoenix College and Glendale Community College.
 |
| Charlie Vorsheck |
The
JLL Capital Markets team representing the borrower was led by Senior Director Jamie
Kline and Analyst Charlie Vorsheck, along with Phoenix Director Tim
Brousse.
JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform.
The
division employs approximately 400 professionals who provide comprehensive
investment sales and disposition services with access to thousands of domestic
and foreign investors.
JLL is also one of the nation’s largest
affordable and conventional multi-housing and seniors housing lenders with
comprehensive loan underwriting, asset management and loan servicing
capabilities. 
Tim Brousse
Agency/GSE lending
and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly
owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or
arranged in California are pursuant to a California Financing Law license.
CONTACT:
Natalie
Passarelli
Public Relations
Jones Lang LaSalle Americas, Inc.
200 E. Randolph St.
Chicago, IL 60601
M +1 224 477 7307
No comments:
Post a Comment