JLL Capital Markets secures $13.55 million in acquisition financing for Carrier Woods, an 84-unit multifamily property in Scarborough, Maine.
JLL Capital Markets has arranged a $13.55 million acquisition loan for Carrier Woods, an 84-unit Class A multifamily community in Scarborough, Maine. The seven-year, fixed-rate financing was provided through Fannie Mae on behalf of the borrower, Chestnut Realty Management, with JLL Real Estate Capital, LLC slated to service the debt.
Completed in 2018, the property consists of seven three-story buildings housing 80 market-rate units and four affordable units. Located six miles south of Portland, the community features a mix of one- and two-bedroom floor plans, along with amenities such as on-site parking, an enclosed dog park, and garden plots.
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