JLL Secures Financing for Texas Community
- Apr 04, 2018
JLL’s Capital Markets team has secured financing for Rock 35, a 144-unit community in Round Rock, Texas, on behalf of Frontline Holdings. Freddie Mac provided the loan for the property.
Located at 1500 S. Interstate 35 Frontage Road, the property is approximately 19 miles north of Austin. Rock 35 comprises a mix of one- and two-bedroom units, featuring black appliances, granite-style counter tops and designer bathroom sinks.
Community amenities include:
- business center
- fitness center
- swimming pool
- outdoor grilling station
“Multifamily properties in Central Texas are drawing the attention of investors everywhere as new jobs and companies enter the Austin market,” said Mark Brandenburg, managing director of JLL Capital Markets, in prepared remarks. “We’re proud to have successfully secured the financing solution for Rock 35. Job gains coupled with the state’s strong economic fundamentals are driving the area’s population growth. Frontline Holdings’ tremendous foresight has placed them in a great position to capitalize on this investment.”
Image courtesy of JLL