JLL Capital Markets arranges refinancing for the 180-unit Flats at Lansdale in Lansdale, PA

Flats at Lansdale, a 180-unit, luxury
multi-housing community located
in Lansdale, PA

 

 CHICAGO, IL, Feb. 22, 2022 – JLL Capital Markets announced that it has arranged a refinancing for Flats at Lansdale, a 180-unit, luxury multi-housing community located in Lansdale, Pennsylvania.

 JLL worked on behalf of the borrower, a joint venture between White Oak Partners and HIMCO, to secure the five-year, fixed-rate loan with a two-year extension through Wells Fargo.

Medina Spiodic

 The JLL Capital Markets Debt Advisory Team representing the borrower was led by Senior Managing Director Jamie Leachman, Senior Director Paul Smith and Associate Medina Spiodic.

 “JLL is honored to have worked with White Oak Partners and HIMCO on the refinancing of Flats at Lansdale,” Smith said. 

Jamie Leachman

“The joint venture navigated an acquisition during the height of the pandemic and successfully completed a repositing of the asset.  

"Securing attractive long-term financing will help ensure that the residents of Lansdale will have a best-in-class housing option for years to come.”

 Located at 1001 Towamencin Ave., the property is situated immediately off the heavily traveled I-476 and offers a short drive to the Lansdale SEPTA Station.

Paul Smith

Built in 2014, the six-building, three-story Flats at Lansdale features units with an average size of 1,053 square feet, nine-foot ceilings, oversized windows, walk-in closets, private patios or balconies, full-size washers and dryers, stainless steel appliances and granite countertops.

 Contact: 

Jenna Sharp

JLL Associate

Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 www.whiteoakpartners.com