Dolce Twin Creeks, Phase II - JLJ CAPITAL

DOLCE TWIN CREEKS, PHASE II

LOAN AMOUNT

$55,500,000

Lending Programs - Texas
ALLEN, TX
Lending Programs - Ground-Up Construction
GROUND-UP CONSTRUCTION
Lending Programs - Multi-Family
MULTI-FAMILY

THE PROJECT

JLJ Capital is excited to announce a partnership with BridgeInvest to provide a senior loan of $45.5 million to Sovereign Properties develop Dolce Twin Creeks, Phase II, a 366-unit multifamily project on 10+ acres in the Dallas suburb of Allen, Texas. Cottonwood Communities, Inc., a publicly registered non-traded REIT has also committed to loan up to $10 million ($55.5 Million Total) for the project.

BORROWER CREDENTIAL

Borrower has been investing in the multi-family development arena since 2004 and currently has over $200M in equity undermanagement with over 3,000 completed and leased upscale apartments, located across the United States. Borrower has over 10 years’ experience constructing multi-family properties in the Dallas market. Borrower has completed the Phase 1 of the project, adjacent to the subject property, which reached stabilization in 8-9-month timeframe. Borrower has expanded to 5 cities now in the US and has over $5M in verified liquidity and $3.4M in excess personal cash flow.

TRANSACTION KEY TERMS

Closing Date August 2019

Loan Type Construction Loan

Loan Amount $55,500,000

Term 3 Years *Two 6-Month Extension Options

Location Allen, TX

Property Type Multi-Family

Gross Square Footage 387,462 sq ft

DOLCE TWIN CREEKS IN THE PRESS

EXPLORE JLJ CAPITAL GROUND UP CONSTRUCTION TRANSACTIONS

329 BROADWAY

329 BROADWAY

$57.0 MM

DOLCE TWIN CREEKS, II

DOLCE TWIN CREEKS, II

$55.5 MM

EXPLORE JLJ CAPITAL'S LENDING PROGRAMS

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