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JLL Arranges Acquisition Debt on Austin Multifamily
JLL Capital Markets arranged $27.1 million in acquisition financing to purchase Cannon Oaks Apartments in Austin. The firm worked on behalf of Old Three Hundred Capital to secure the loan through Prime Finance. ArrowMark Partners was also engaged as a capital partner.
The JLL team representing the borrower was led by Marko Kazanjian, Chris McColpin, Rob Hinckley, Jackson Finch and Andrew Cohen.
Old Three Hundred was represented in-house by William Gottfried, Paolo Boero and Nicholas Yarnall. Rob Brown and Nathan Rillstone lead the ArrowMark team.
Built in 2001, Cannon Oaks Apartments is a 12-building complex with 230 units.
“Cannon Oaks Apartments, with newly refreshed amenities, unbeatable greenbelt views and a highly convenient location made for an extremely attractive investment,” said Gottfried. “As the city and region continue to grow, the property is positioned to perform well, and provides a naturally affordable alternative to like-kind assets in the submarket.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition

