SimplyHome gets $225 million facility via JLL Capital Markets

By William Gullotti

Buffalo, N.Y., July 27 – SimplyHome signed a $225 million credit facility to refinance an initial portfolio of Texas-based properties, according to a press release on Thursday.

The initial portfolio consists of properties in Houston, Dallas/Fort Worth, San Antonio and Bryan/College Station.

Financing was arranged by JLL Capital Markets to secure the bridge facility through Churchill Real Estate Holdings.

SimplyHome was represented by in-house counsel.

Relevant facility details, such as tenor and interest rate, were not discloses in the press release.

Focused on built-to-rent residential properties, Houston-based SimplyHome is a subsidiary of Camillo Cos., which builds and manages single-family home rentals in Texas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.