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JLL arranges $78.7M refi for The Flynn at Live Oak in Dallas
The financing will support a 327-unit luxury multifamily property that opened with amenities including a 2,500-square-foot pool and EV charging parking spaces.
ConnectCRE reports that JLL Capital Markets arranged $78.7 million in construction takeout financing for The Flynn at Live Oak, a newly completed luxury multifamily community in Dallas, Texas.
The five-story property includes 327 units, with studios and one- and two-bedroom apartments averaging 832 square feet. The financing was secured on behalf of the borrower, Conor Commercial Real Estate and Globe Corporation, using funds managed by Blue Owl Capital Inc.
JLL represented the borrower in the transaction, and the team’s Debt Advisory effort was led by Lucas Borges, Lauren Dow, Sam Tarter, Aidan Flanagan, and Christian Johnston. The property at 4931 Live Oak St. features amenities such as a 2,500-square-foot pool with sun shelf, two outdoor courtyards with fire pits and grilling stations, a sky lounge with downtown views, and co-working offices.
The development also includes 420 parking spaces with electric vehicle charging stations on every garage level, according to ConnectCRE.
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