Thursday, December 5, 2024

JLL Capital Markets arranges loan for Far West Apartments in the affluent Northwest Hills community in Austin, TX

Samantha Jay

AUSTIN, TX –  JLL Capital Markets has secured construction financing for Far West Apartments, a 321-unit, Class-A multifamily community in Austin, Texas. Funding details were not disclosed.

 JLL represented the borrower, Central Southwest Texas Development, in arranging the 10-year, floating-rate loan through Poppy Bank. Far West Apartments, located at 3525 Far West Blvd., will be nestled in the affluent community of Northwest Hills, offering convenient access to major highways Loop-1 and SR-183. 

Far West Apartments, 3525 Far West Boulevard, Northwest Hills, TX

This prime location provides residents with the perfect blend of suburban tranquillity and urban connectivity, surrounded by family-oriented neighborhoods, parks and restaurants, with easy access to Downtown Austin and major employers. 

 Doug Opalka

Far West Apartments, a substantial 282,609 net-rentable square-foot development where residents will enjoy a host of community amenities, including a clubroom, fitness center, pet spa, conference room, and a resort-style swimming pool. The project is scheduled to commence full operations in April 2027. JLL 

 CW Sheehan 

Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Doug Opalka, Senior Director CW Sheehan and Associate Samantha Jay. 

 JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. For more news, videos and research resources, please visit JLL’s newsroom.

 CONTACT: Gréta Kieras, Senior Associate, Public Relations
 Phone: +1 949 930 8498 Email: greta.kieras@jll.com jll.com.

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