JLL Secures $5.8M Financing For Benjamin Square Multifamily In Eaton, CO

The financing of $5.8 million has been secured by JLL Real Estate Capital for Benjamin Square, a 60-unit affordable housing community located at 55 Juniper Avenue in Eaton, Colorado. The fixed-rate senior loan was arranged through Freddie Mac Multifamily, ensuring affordability for 20 years with a structured renewal of the Project-Based Section 8 HAP contract.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,800,000
• Market: Eaton, CO
• Lender: JLL Real Estate Capital
• Landlord: Brikwell
• Brokers: Brock Yaffe & Tony Nargi - JLL

JLL Capital Markets, representing the borrower, Brikwell, facilitated the financing deal for Benjamin Square in Eaton, Colorado. The loan preserves the affordability of the 60-unit multifamily property through a structured renewal of the Project-Based Section 8 HAP contract, providing essential housing in the area.