May 27, 2020
JLL has arranged a $10.2 million loan to refinance British Woods, a 130-unit multifamily property in Oak Ridge.
Located at 301 Briarcliff Ave., the property is approximately 20 miles northwest of downtown Knoxville. The property is nearby West Knoxville, The Oak Ridge National Labs and the Y-12 National Security Complex. Amenities at the 98%-leased community include a swimming pool, fitness center, clubhouse, bark park and nearby walking and biking trails.
Matthew Schoenfeldt of JLL represented the borrower, MZ Capital Partners, in securing a 10-year, fixed-rate loan through Freddie Mac.
For comments, questions or concerns, please contact David Cohen