MC Companies obtained a $40.5 million construction take-out financing for The Place at Silverbell, a 300-unit apartment community in Tucson.   
JLL worked on behalf of the borrower, MC Companies, to arrange a floating-rate loan through its JREC balance sheet program. Brad Miner and Drew Lydon led the JLL Capital Markets team.
The Place at Silverbell Gateway has units averaging 1,104 square feet. Rents range from $1,319 to $5,516. The development has a pool, spa, fitness center, grill and clubhouse.
Located in Tucson’s northwest corridor, The Place at Silverbell Gateway sits along Silverbell Road.
MC has 7,600 units under management/ownership, 1,371 units in development and developments in 29 communities in 8 markets.
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