FORT WORTH, TEXAS — JLL Capital Markets has negotiated acquisition financing for Monticello Apartments, a 116-unit asset in Fort Worth. JLL worked on behalf of the borrower, Price Realty, to secure the five-year, fixed-rate financing through Freddie Mac. The loan will be serviced by Jones Lang LaSalle Multifamily LLC. John Brownlee, Bo Beidleman, Blake Morrison and Aaron Craig led the JLL Capital Markets Debt Advisory team.
Located at 154 North Bailey Ave., Monticello Apartments consists of 22 two-story buildings. The unit mix includes 56 one-bedroom and 60 two-bedroom apartments. Units average 952 square feet and feature walk-in closets, patios or balconies, washer and dyers, stainless steel appliances and air conditioning. The community features amenities such as a pool, laundry facility and covered parking.