JLL Capital Markets successfully secured a $51-million construction takeout financing for Mossdale Landing Apartments, a newly built Class A garden-style apartment complex in Lathrop. The borrower, Mossdale Landing Owner LLC, consisting of Rubik Built, Wright Equities and The Grupe Company was represented by the expert JLL Capital Markets Advisory Team composed of Jeff Sause, Lillian Roos and Jalynn Borders. They were able to secure a three-year bridge loan through MF1 Capital.
Mossdale Landing Apartments is comprised of 10 buildings with 204 units offering one-, two- and three-bedroom options featuring luxurious interiors, private balconies/patios and in-unit washers and dryers. Its strategic location just two miles from the regional ACE rail station makes it convenient for residents to commute to major employment hubs.
According to Roos: “The sponsor team has demonstrated exceptional expertise in delivering top-notch amenities within the supply-constrained submarkets of Central Valley as evident by high leasing demand at both Mossdale Landing Apartments and their other nearby projects.”
