JLL Real Estate Capital Facilitates $10.55M Acquisition Loan For Harbach Lofts In Des Moines

JLL Capital Markets has facilitated a $10.55 million acquisition financing deal for Harbach Lofts, a class-A, 103-unit apartment complex located at 300 Southwest 5th Street in Des Moines, Iowa. The property is a multifamily asset with 103 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,550,000
• Address: 300 Southwest 5th Street, Des Moines, IA
• Market: Des Moines, IA
• Units: 103

The loan was provided by JLL Real Estate Capital, a leading lender in the real estate industry. The landlord of Harbach Lofts is Terrance Doyle, representing VareCo. The brokers involved in the deal were Tony Nargi and Will Haass from JLL.

This financing deal highlights the successful collaboration between JLL Capital Markets and Harbach Lofts, bringing acquisition financing of $10.55 million to support the development and operation of this class-A apartment complex in Des Moines, Iowa.