JAMP Enterprises LLC & Frontier Management LLC Secures $61M Construction Loan For Garland Multifamily

A multifamily property with 230 units located at 2055 Arapaho Rd in Garland has been involved in a closed transaction. The property is owned by JAMP Enterprises LLC and Frontier Management LLC. The deal was facilitated by Alanna Ellis from JLL. The transaction took place on 09/20/2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $61,000,000
• Address: 2055 Arapaho Rd, Garland
• Market: Garland
• Units: 230

The loan obtained for this property was a construction loan with the following terms: 15-year duration, five-year interest-only period, 75% loan to cost (LTC) ratio, and a floating-rate structure.

NOTE: Details regarding the loan amount, loan terms, and loan type have been provided, but no other additional information is available about the property or the individuals involved in the transaction.