JLL has arranged $16.88 million in acquisition financing for The Landing at Saddlerock, formally Eleven01 at Saddlerock, an 84-unit, garden-style multi-housing community in Wenatchee, Washington.
JLL worked on behalf of the borrower, Graystoke Capital Partners, to originate the seven-year, fixed-rate, FTIO, near-stabilization Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC. JLL’s Debt Advisory team representing the borrower was led by Managing Director Tony Nargi and Director Brock Knapp.
The Landing at Saddlerock is located at 1105 Red Apple Rd. in Wenatchee, which is approximately 150 miles east of Seattle, along the Columbia River. The property is well-positioned across the street from Wenatchee High School and next to Confluence Health Hospital, as well as an abundance of outdoor recreation options, including the Saddlerock Trail system.