JLL Income Property Trust Closes Senior Secured Real Estate Loan on Houston Apartment Community
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JLL Income Property Trust, a REIT listed on NASDAQ, has closed a $32 million senior secured real estate loan for a Houston apartment community. The loan has a three-year term with an interest rate of 3% above SOFR, projected to yield 7-8%.
January 07, 2025 | 4:15 pm
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JLL Income Property Trust has closed a $32 million senior secured loan for a Houston apartment community, expected to yield 7-8%.
The closing of a $32 million loan with a high projected yield is a positive development for JLL Income Property Trust, likely boosting investor confidence and potentially increasing stock value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80