JLL Capital Markets has arranged $21.25 million in acquisition financing for Six Points Apartments, a 178-unit, market-rate multi-housing community in downtown West Allis, Wisconsin.
JLL worked on behalf of the borrower, Spaulding Group, to secure the three-year, floating-rate loan through Prime Finance. The loan will be used to acquire and renovate the property.
Built in phases between 2007 and 2010, Six Points Apartments is made up of one- and two-bedroom units averaging 1,038 square feet. Units feature a full-size washer and dryer, full kitchen appliance package, spacious floor plans, private patio or balcony and 10- to 12-foot ceilings in select units. The community offers a luxury clubhouse with WiFi lounge, rooftop deck, heated underground parking, business center and fitness center.
Located at 6501 W. Greenfield Ave., Six Points Apartments is within walking distance to several restaurants, shopping centers, recreation activities and educational institutions. The community is also a short drive to the Milwaukee Brewer’s (MLB) Field.
The JLL Capital Markets debt team that represented the borrower was led by Senior Director Brian Walsh.