CHICAGO, November 30, 2021 –JLL Capital Markets announced today that it has arranged a $ 26.872 million refinancing for The Lakes Apartments, a 232-unit community in Indianapolis, Indiana.

JLL worked for the borrower, NTS Development Company, Louisville, KY, “NTS”, to secure the seven-year fixed rate loan through Freddie Mac. The loan will be managed by JLL Real Estate Capital, LLC, a lender to Freddie Mac Optigo℠.

The Lakes Apartments is an institutional grade asset consisting of 15 buildings offering larger format one, two and three bedroom units averaging 998 square feet. Apartments have white kitchen cabinets, wood-burning fireplaces, master bathrooms, vaulted ceilings, built-in washer-dryers, private entrances, and covered terraces or balconies. Community amenities include a clubhouse, swimming pool, outdoor kitchen, 24-hour fitness studio, business center, pickleball courts, pet walking area, fitness center. automobile care and a clubhouse, among others. Parking is provided to residents through a combination of surface parking, parking spaces and detached garages.

“NTS maintains and operates its properties with a long-term perspective, and this is demonstrated in The Lakes,” noted Schoenfeldt. “Over 98% occupancy and long-term rentals are proof that residents are meeting this commitment to excellence. We drew on NTS ‘track record with Freddie, who has been an exceptional lender for the company. ”

JLL offers multi-home investors a full range of solutions through a diverse and integrated platform. The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors. JLL is also one of the largest affordable and conventional multi-family housing and senior housing lenders in the country, with comprehensive loan underwriting, asset management and loan servicing capabilities. Agency / GSE lending and loan servicing is provided by JLL Real Estate Capital, LLC, an indirect wholly owned subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are licensed under the California Finance Act.

JLL Capital Markets is a global full service provider of capital solutions for real estate investors and occupiers. The company’s in-depth knowledge of the local market and global investors provides the best solutions for clients – whether it is investment sales and advice, debt advice, equity advice or a recapitalization. The company has more than 3,000 capital markets specialists around the world with offices in nearly 50 countries.

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