JLL Capital Markets arranges acquisition financing for 96-unit, two newly constructed apartment properties in Inland Empire
News release
02 June 2025
$20.5M financing for Fontana Multifamily Portfolio acquisition
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SAN DIEGO, Jun. 2, 2025 – JLL Capital Markets announced today that it has secured a $20.5 million acquisition financing for Fontana Multifamily Portfolio, comprising two newly constructed apartment communities in Fontana, California.
JLL worked on behalf of the borrower, a local private investor, in arranging the loan through Keystone National Group, LLC.
The Fontana Portfolio consists of two 2024-built apartment communities, 8969 Newport Ave. and 16220 Arrow Blvd. The portfolio was purchased for $30.5M as one transaction. The 24-unit multi-housing complex of 8969 Newport Ave. features spacious one-, two- and three-bedroom units. This property is situated on a well-proportioned lot. 16220 Arrow Blvd. is a 72-unit community featuring the same mix of unit types.
Both properties feature modern amenities including washer/dryer hookups in every unit, private patios and balconies, energy efficient, tankless water heaters and assigned parking. Their strategic location in Fontana provides easy access to major transportation routes including I-10, I-15 and SR-210.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Director Dale Holzer.
"These newly constructed multifamily assets represented an excellent investment opportunity in the growing Inland Empire market," said Holzer. "Fontana continues to attract residents seeking quality housing options with convenient access to employment centers throughout Southern California."
Fontana has evolved into a key logistics and transportation hub with family-friendly neighborhoods, affordable housing options and excellent amenities including parks, libraries and cultural venues. The city's commitment to economic development has made it an increasingly attractive destination for both businesses and residents.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Keystone National Group, Llc.
Keystone is an SEC-registered investment advisory firm focusing on investments in private credit and real estate. Their team has invested over $4.3 billion of capital in over 550 transactions since the formation in 2006. Keystone manages multiple funds, separate accounts and co-investment vehicles on behalf of investors, which include pension plans, family offices, wealth management firms and private individuals.