JLL Closes $140M in Financings from Amazon Housing Equity Fund

JLL Capital Markets and JLL Public Institutions have executed $139.64 million in financings from the Amazon Housing Equity Fund over the last six months for the development and preservation of 11 affordable housing communities, totaling 1,970 units, across the Puget Sound region.

JLL acted as the credit underwriter for Amazon, who provided long-term, fixed-rate loans for nine separate borrowers. The advisory team working with Amazon was jointly led by Senior Managing Director C.W. Early, Senior Managing Director Mary Davis and Vice President David Lott of JLL Capital Markets Debt Advisory and both Martine Combal, Senior Vice President, and Eileen Tumalad, Vice President, with JLL’s Public Institutions practices. The JLL Capital Markets team structured and underwrote the transactions, while the Public Institutions team focused on program management for Amazon.

“Congratulations to these mission-driven developers, and many thanks to Amazon, as well as the other public funders involved in these deals, including the City of Seattle Office of Housing, Washington State Housing Finance Corporation, ARCH and King County,” said Early.

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