JLL Capital Markets secured the acquisition financing for LeftBank, a 589-unit, multifamily community in Fort Worth, Texas.
JLL represented the borrower, Bow River Capital Partners, to originate the five-year, fixed-rate Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC.
Built in 2018, LeftBank is an institutional-quality apartment community featuring studios, one-, two-, three- and four-bedroom apartments with upmarket finishes including stainless steel appliances, granite and quartz countertops, kitchen islands, in-unit washers and dryers, wood flooring and private patios or balconies. Residents enjoy a 24-hour fitness center, swimming pool, bowling lounge, dog park with washing station, shared workspace and spacious sundeck. The four-story community offers garage parking, climate-controlled storage rooms and rentable guest suites, ensuring an exceptional living experience.
Ideally situated at 600 Harrold St., LeftBank is positioned in the heart of the 1.5 million-square-foot LeftBank mixed-use development in Fort Worth’s thriving northwest submarket. Thanks to its prime location, residents enjoy unmatched walkability to Tom Thumb-anchored retail, more than 50 dining establishments and direct access to the Trinity River Trail system. Additionally, the property is strategically located minutes from Fort Worth’s largest employment centers.
Fort Worth itself benefits from strong economic fundamentals and a high quality of life with continued population growth and job creation. The LeftBank development has emerged as one of the market’s premier live-work-play destinations, attracting residents seeking an urban lifestyle with proximity to major employment hubs, the Museum and Cultural Arts District and entertainment venues including Panther Island and Crockett Row.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Directors Leon McBroom, Senior Director Rob Bova, Director Lauren Dow and Associate Ellie Savage.
