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

Summary

Loan

TEXAS

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.

Players

All
2

Agents
1
Agencies
1

Alanna Ellis

Director

JLL

Details

Deal Summary

FINANCED

IMAGE: Alanna Ellis DATE: 09/20/2022 ADDRESS: 2055 Arapaho Rd MARKET: Garland ASSET TYPE: Multifamily ~ UNITS: 230 LANDLORD: JAMP Enterprises LLC & Frontier Management LLC BROKER: Alanna Ellis - JLL (@JLL) LOAN AMOUNT: $61,000,000 LOAN TYPE: Construction LOAN TERMS: 15-year, five-year IO, 75% LTC, floating-rate loan

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Address2055 Arapaho Road

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