Jll arranges $585m refinancing for mixed-use development in phoenix

The secured loan will help complete the 122-acre palmeraie development, which includes the ritz-carlton paradise valley and the ritz carlton residences san diego , may 15, 2023 /prnewswire/ -- jll's capital markets group announced today that it has arranged a $585 million refinancing for the ritz-carlton paradise valley, the ritz carlton residences and the palmeraie in paradise valley, arizona. jll worked on behalf of the borrower, five star development, in securing the loan with madison realty capital.
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