**JLL Secures $20.5M Acquisition Loan for Fontana Multifamily Portfolio**
JLL Capital Markets has secured $20.5 million in acquisition financing for the Fontana Multifamily Portfolio, a pair of newly constructed apartment communities located in Fontana, California. The financing was arranged on behalf of the borrower, a local private investor, by JLL Capital Markets’ Debt Advisory team, led by Managing Director Dale Holzer. The loan was provided through Keystone National Group, LLC.
The Fontana Multifamily Portfolio includes two apartment communities built in 2024: 8969 Newport Avenue and 16220 Arrow Boulevard. The properties were acquired together for $30.5 million.
The 8969 Newport Avenue property comprises 24 well-designed units offering a mix of one-, two-, and three-bedroom layouts. It is situated on a spacious and well-proportioned lot. The 16220 Arrow Boulevard property includes 72 units with a similar variety of floorplans.
“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.”
