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JLL Capital Markets Group Secures $38 5 Million Capitalization for 184-Unit Residences at Bolivar Luxury Apartments in Cleveland

DENVER, CO - JLL Capital Markets announced that it has arranged $38.5 million in construction financing, in addition to Co-GP equity, for Residences at Bolivar, a 184-unit, Class A, luxury multi-housing development with 2,611 square feet of ground-floor retail located in downtown Cleveland, Ohio. JLL represented the borrower, SomeraRoad Inc., to arrange the $38.5 million loan through a Midwest-based regional bank. JLL also secured Co-GP equity investment with LCI Development Partners, an.

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