Financing Secured for 589-Unit Multifamily Community in Fort Worth
JLL Capital Markets has arranged a five-year loan for Denver-based Bow River Capital. The loan has helped the company acquire a 589-unit apartment community. The acquisition reflects confidence in the region’s growing housing market. According to an announcement earlier this week, JLL Capital Markets has arranged a loan for Bow River Capital. It is a five-year, fixed-rate loan that helped the latter acquire a 589-unit apartment community. The loan was taken from Fannie Mae, which is known for providing stability to the housing market by purchasing, guaranteeing, and securitizing mortgages from lenders. The property acquired is Madera at LeftBank, which is a multifamily housing community. The acquisition highlights a strong confidence in Fort Worth’s housing market. It also aligns with the broader trends of out-of-state investment in North Texas multifamily real estate. Madera at LeftBank is the property acquired by Bow River Capital. Built in 2018, the property features studios, one-, two-, three-, and four-bedroom apartments. These come with stainless steel appliances, granite and quartz countertops, kitchen islands, in-unit washers and dryers, and patios or balconies.
