JLL arranges $35.5M financing for The Jax
Loan funds Casoro Group’s acquisition of the 322-unit San Antonio multi-housing property
DALLAS, January 8, 2020 – JLL Capital Markets announced today that it has arranged $35.5 million in financing for The Jax, a 322-unit multi-housing property in Northwest San Antonio.
JLL worked on behalf of the borrower, Casoro Group, to secure the five-year, floating-rate acquisition loan through Nexbank.
The Jax is a recently renovated garden-style community located at 12222 Vance Jackson Road near some of San Antonio’s best retail, dining and entertainment at Huebner Oaks Shopping Center and The Shops at La Cantera. The property is ideal for working professionals and students alike given its proximity to the USAA Headquarters, South Texas Medical Center and the University of Texas at San Antonio (UTSA). Units include a mix of one-, two- and three-bedroom floor plans ranging from 692 to 1,545 square feet. Community amenities include a swimming pool, lush courtyards with barbecue grills, children’s play area, 24-hour fitness center, clubhouse and business center.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Casoro Group is an award-winning firm founded in 2002 with a vision to help international investors build wealth through commercial real estate investments. Founder and CEO Monte K. Lee-Wen built Casoro Group and turned it into a successful multi-faceted commercial investment and servicing corporation in just 15 years. Despite the changes in the financial markets, Casoro Group’s family and its portfolio of clients continue to grow. As the parent company of a property management firm (CLEAR Property Management), Casoro Group is in a position to create opportunities for investors to enjoy all of the benefits of multifamily real estate ownership. For more information, visit CasoroGroup.com.