JLL Arranges Debt, Equity for 387-Unit Apartment Project in Fort Worth
FORT WORTH, TEXAS — JLL has arranged debt and equity financing for Stillwater Crystal Springs, a 387-unit apartment project in Fort Worth. The community will be situated on roughly seven acres along the Trinity River roughly three miles from the downtown area. Floor plans will consist of studio, one- and two-bedrooms units, and amenities will include a pool, fitness center, outdoor lounge, coworking space and a dog park. De’On Collins led a JLL team that placed a 40-year, floating-rate construction loan through Texas Capital Bank on behalf of the developer, Dallas-based Stillwater Capital. The team also delivered CrossHarbor Capital Partners as the equity investor. Construction is underway and expected to be complete in 2022.