JLL Arranges Acquisition Loan for Fontana Apartment Portfolio
JLL Capital Markets secured a $20.5-million acquisition financing for Fontana Multifamily Portfolio, comprising two newly constructed apartment communities in Fontana. The JLL Capital Markets Debt Advisory team led by managing director Dale Holzer worked on behalf of the borrower, a local private investor, in arranging the loan through Keystone National Group, LLC.
The Fontana Portfolio consists of two 2024-built apartment communities, 8969 Newport Ave. and 16220 Arrow Blvd. The portfolio was purchased for $30.5 million as one transaction. The 24-unit 8969 Newport Ave. features spacious one-, two- and three-bedroom units. This property is situated on a well-proportioned lot. 16220 Arrow Blvd. is a 72-unit community featuring the same mix of unit types.
“These newly constructed multifamily assets represented an excellent investment opportunity in the growing Inland Empire market,” said Holzer. “Fontana continues to attract residents seeking quality housing options with convenient access to employment centers throughout Southern California.”
On June 18, join industry-leading experts when they explore the most important topics in today’s CRE markets. Register to attend and hear expert insights first-hand, network with the best in the industry, and sit in on discussions you won’t hear anywhere else. The 9th Annual Connect Los Angeles 2025, June 18 at the Intercontinental Los Angeles Downtown.
Other News
CP Group-Led Team Buys Massive Boca Raton Mixed-Use Project
CP Group, The Georgetown Company and fund manager ACRE, together with investment partner StepStone, acquired Mizner Park in downtown Boca Raton. Brookfield Asset Management was the seller. The acquisition of the 838,840-square-foot office, retail, and residential property represents a full-circle moment for CP Group, which originally developed Mizner Park between 1991 and 1999. Mizner Park...
Learn more
Greystar, Vantage Acquire Chamblee Property for 340-Unit Multifamily Community
Greystar has plans to build a 340-unit apartment complex in Chamblee. The company spent $11.5 million on 7 acres at 5220 Peachtree. Chamblee officials selected the two firms in 2024 to pursue the project that was previously on city land. The Downtown Development Authority was the seller. The Atlanta Business Chronicle reports that Greystar is...
Learn more
Multifamily Refinancing Squeeze: 41% Higher Costs, $6.8B Equity Gap
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout