JLL Capital Markets arranged a $40.869 million acquisition financing for Allura Las Colinas, a 288-unit multifamily property in Irving, Texas.
JLL represented the borrower, Brixton Capital, in securing the non-recourse, fixed-rate loan through a life insurance company.
Allura Las Colinas, located at 6445 Love Dr. in Irving’s Las Colinas submarket, offers residents direct access to one of North Texas’s premier employment centers. The property is strategically positioned at the convergence of State Highways 161 and 115, providing immediate access to more than 22.3 million square feet of office space and 10 Fortune 500 headquarters.
The mid-rise community, built in 2003, features a mix of one-, two- and three-bedroom floorplans, with upgraded kitchens, modern open-concept floor plans, full-size washers and dryers and private balconies. Allura Las Colinas offers residents resort-style amenities including a swimming pool with sun deck, 24-hour fitness center, clubhouse, gated dog park, outdoor grilling stations and 455 garage parking spaces.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Directors Aldon Cole and Tony Nargi, Associate Jacob Martin and Analyst Caden Cramer. Senior Managing Director Dustin Dulin served as the local market expert.
