JLL Capital Markets announced that it has secured a $51.5 million senior loan for Mossdale Landing Apartments, a newly completed 204-unit Class A multifamily community in Lathrop, California.
JLL represented the borrowers, Rubik Built, Wright Equities and The Grupe Company, in arranging the five-year, fixed-rate financing through a JLL correspondent life insurance company.
Mossdale Landing Apartments, located at 18008 Golden Valley Parkway, features 204 garden-style apartment units comprising one-, two- and three-bedroom floor plans across 196,686 square feet of rentable space…