JLL Capital Markets experts complete refinancing of Dallas multifamily asset
Frontline Holdings refinances Trinity Village Apartments in Far North Dallas
DALLAS, July 19, 2019 – JLL announced today that Capital Markets experts have successfully completed the refinancing of Trinity Village Apartments in Far North Dallas. The 256-unit multifamily property, located at 4280 Trinity Mills Road, is acquired by Frontline Holdings. Fannie Mae provided the loan.
JLL Managing Director Mark Brandenburg secured the refinancing on behalf of Frontline Holdings.
“Frontline Holdings’ refinancing of Trinity Village Apartments further illustrates our region’s strong economic and population growth, as well as the value and investor demand of multifamily product here,” said Brandenburg.
This is the second time in the last six months Brandenburg has secured the acquisition financing on behalf of Frontline Holdings for a multifamily property in North Texas. The investor group acquired Vieux Coulee Apartments in Fort Worth in December.
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 a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, the firm’s 2,000 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.
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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 over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.