JLL arranges $10.2M loan for British Woods in Knoxville area

May 20, 2020

British Woods is a 130-unit townhome and garden-style multi-housing community

CHICAGO, May 20, 2020 – JLL Capital Markets announced today that it has arranged a $10.296 million refinancing for British Woods, a 130-unit multi-housing community in Oak Ridge, Tennessee.

JLL worked on behalf of the borrower, MZ Capital Partners, to secure the 10-year, fixed-rate loan through Freddie Mac. The loan will be serviced by Holliday Fenoglio Fowler LP, a JLL company and a Freddie Mac Optigo℠ lender.

British Woods is located at 301 Briarcliff Avenue approximately 20 miles northwest of downtown Knoxville. The recently revitalized property is positioned on a 10-acre site close to West Knoxville, The Oak Ridge National Labs and the Y-12 National Security Complex. British Woods offers one-, two- and three-bedroom layouts in both townhome and garden-style homes. Amenities at the 98%-leased, pet-friendly community include a swimming pool, fitness center, clubhouse, bark park and nearby walking and biking trails.

The JLL Capital Markets team representing the borrower was led by Managing Director Matthew Schoenfeldt.

“The principals of MZ Capital Partners have a proven formula for adding value and enhancing communities,” Schoenfeldt said. “British Woods is a shining, flawlessly-executed example of this strategy.”

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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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About MZ Capital Partners

MZ Capital Partners is a demographically driven real estate investment firm with a speciality niche in multifamily assets throughout the United States. For more information, please visit: