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JLL Arranges $25M Acquisition Financing for Riverside Apartments
JLL Capital Markets has arranged $25 million acquisition financing for Stonegate Riverside, a 160-unit, value-add, garden-style multifamily community in Riverside, CA. The firm represented the borrower, Universe Holdings, to secure the 10-year, fixed-rate loan through Freddie Mac.
“With its strong population growth, growing job opportunities and affordable cost of living, the Inland Empire checks all the boxes when it comes to demand drivers we look for in a new market,” said Universe CEO Henry Manoucheri.
Situated at 6506 Doolittle Ave., Stonegate Riverside features studio, one- and two-bedroom units with vinyl plank flooring, stainless steel appliances and oversized patios or balconies. Community amenities include a pool, spa, business center, fitness center and dog park.
The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Charles Halladay, Director Jonah Aelyon and Analyst Jolie Zhou.
- ◦Financing
