$40.5M refinancing secured for newly built luxury apartment community in Tucson

PHOENIX, Sept. 15, 2025 –  JLL Capital Markets announced today it has secured a $40.5 million construction take-out refinancing for The Place at Silverbell Gateway, a newly constructed 300-unit Class-A apartment community in Tucson, Arizona.

JLL worked on behalf of the borrower, MC Companies, to arrange a floating-rate loan through its JREC balance sheet program.

The Place at Silverbell Gateway represents premium multifamily living in one of Tucson's most desirable corridors. Located at 7430 North Silverbell Rd., the three-story garden-style apartment community features spacious units, averaging 1,104 square feet.

Located in Tucson's northwest corridor, The Place at Silverbell Gateway sits along Silverbell Road with proximity to commercial developments and residential neighborhoods. The property provides access to major thoroughfares and is positioned near key amenities in an area experiencing growth and development activity.

The JLL Capital Markets team was led by Senior Managing Director Brad Miner and Associate Drew Lydon.

"The Place at Silverbell Gateway is an exceptional asset in a strong Tucson submarket, and our balance sheet program allowed MC Companies to secure favorable terms while maintaining the optionality to transition to agency financing," said Miner. "The Tucson multifamily market continues to demonstrate resilience with steady demand fundamentals, and we expect properties like this to perform well as the Southwest continues to attract both residents and businesses."

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.

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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 WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

MC Companies is a premier real estate investment, development, construction and management firm specializing in multifamily properties. Founded in 2001, MC Companies has executed on approximately $3.8 billion in multifamily assets. With corporate offices in Scottsdale and Tucson, Ariz., it owns and operates 7,000 residential units across 29 properties in Arizona, Texas and Nevada. More than 1,000 additional units are in development or construction. Guided by its mission of “Sharing the Good Life,” MC Companies is dedicated to creating value for investors, residents, employees and communities. Through its Sharing the Good Life Foundation, the company has supported more than 500 charities with employee-requested grants.

For more information, visit www.mccompanies.com and follow MC Companies on LinkedIn at https://www.linkedin.com/company/mc-companies/.