January 8, 2020 – JLL Capital Markets announced today that it has arranged $35.5 million in financing for The Jax, a 322-unit multi-housing property in Northwest San Antonio.
JLL worked on behalf of the borrower, Casoro Group, to secure the five-year, floating-rate acquisition loan through Nexbank.
The Jax is a recently renovated garden-style community located at 12222 Vance Jackson Road near some of San Antonio’s best retail, dining and entertainment at Huebner Oaks Shopping Center and The Shops at La Cantera. The property is ideal for working professionals and students alike given its proximity to the USAA Headquarters, South Texas Medical Center and the University of Texas at San Antonio (UTSA). Units include a mix of one-, two- and three-bedroom floor plans ranging from 692 to 1,545 square feet. Community amenities include a swimming pool, lush courtyards with barbecue grills, children’s play area, 24-hour fitness center, clubhouse and business center.
The JLL Capital Markets team representing the borrower was led by Managing Director Mark Brandenburg.