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JLL Arranges $10M Refinancing for Knoxville MF Property

JLL has arranged a $10.2 million loan to refinance British Woods, a 130-unit multifamily property in Oak Ridge.

Located at 301 Briarcliff Ave., the property is approximately 20 miles northwest of downtown Knoxville. The property is nearby West Knoxville, The Oak Ridge National Labs and the Y-12 National Security Complex. Amenities at the 98%-leased community include a swimming pool, fitness center, clubhouse, bark park and nearby walking and biking trails.

Matthew Schoenfeldt of JLL represented the borrower, MZ Capital Partners, in securing a 10-year, fixed-rate loan through Freddie Mac.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.