Laura Sellingsloh Of JLL Secures Loan For MultiFamily Property In Houston

The Willow Ridge Apartments, a 262-unit multifamily community located near Texas Medical Center in southwest Houston, have been sold. Built in 1977, the property comprises one-, two- and three-bedroom units and offers amenities such as a pool, business center, and a clubhouse. The address of the property is 12800 Dunlap St, Houston, TX, 77085. The borrower's representative in this transaction was Laura Sellingsloh from JLL. The lender involved in the deal was an unknown correspondent life insurance company.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not disclosed
• Market: Houston
• Seller: Sentinel Capital LLC
• Buyer: Alfa TX Investment Group
• JLL Representatives: Joey Rippel, Chris Young, Kyle Whitney
• Loan Originator: Laura Sellingsloh (JLL)
• Occupancy Rate: 93% over the past five years

Laura Sellingsloh of JLL played a dual role in the transaction. Not only did she act as the borrower's representative, but she also originated a 10-year, fixed-rate Fannie Mae acquisition loan on behalf of the buyer, Alfa TX Investment Group. The property, with a strong average occupancy rate of 93% over the past five years, attracted buyers due to its proximity to the Texas Medical Center and its range of unit options.