JLL Capital Markets Arranges $47M Construction Financing For Freestone On Main In Bozeman, MT

The development of Freestone on Main, a luxury multi-housing community in downtown Bozeman, Montana, has secured $32 million in construction financing and a $15 million equity placement, thanks to the efforts of JLL Capital Markets. The property, located at 421 West Main Street, consists of 121 units, making it an attractive investment opportunity in the Bozeman market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $47,000,000
• Address: 421 West Main Street, Bozeman, MT
• Market: Bozeman, MT
• Loan Amount: $32,000,000
• Loan Type: Construction
• Loan Terms: Three-year, floating-rate loan

JLL Capital Markets, represented by brokers Adam Haydon, Mox Gunderson, and Scott Loving, played a key role in arranging the financing and equity placement for the development of Freestone on Main. Their expertise and industry connections facilitated the successful completion of this transaction, providing the necessary funds for the construction and development of this luxury multi-housing community.