JLL Capital Markets has successfully arranged a $51 million construction takeout financing for Mossdale Landing Apartments, a newly completed Class A garden-style apartment community in Lathrop. The borrower, Mossdale Landing Owner LLC, consisting of Rubik Built, Wright Equities and The Grupe Company was represented by the JLL Capital Markets Advisory Team led by Jeff Sause along with Lillian Roos and Jalynn Borders. MF1 Capital provided the three-year bridge loan.
Mossdale Landing Apartments comprises 204 units with one-, two- and three-bedroom options featuring upscale interiors, private balconies/patios and in-unit washers/dryers. Its prime location just two miles from the regional ACE rail station offers convenient access to major employment centers.
According to Roos, “The sponsor team’s exceptional efforts have resulted in delivering top-notch amenities within this highly sought-after submarket of Central Valley.” This is evident not only at Mossdale but also at their other nearby projects which have seen impressive leasing demand.
