JLL Secures $40M Acquisition Financing for 288-Unit Vantage at Loveland Multifamily Community
JLL has arranged $40 million in acquisition financing for Vantage at Loveland, a 288-unit, garden-style multifamily community in Loveland, Colorado, the firm announced Aug. 17.
JLL worked on behalf of the borrower, JB Matteson, to secure the acquisition loan through a relationship life insurance company. The transaction marks JB Matteson's first acquisition in Colorado, representing an entry point for the San Francisco Bay Area-based firm into Colorado and the broader Mountain West region.
Property Overview
Completed in 2024, Vantage at Loveland is located at 1430 S. Tyler Ave. in southwest Loveland, approximately 45 miles north of Denver and 12 miles south of Fort Collins. The property comprises 11 buildings, including a leasing office and clubhouse, with units available in studio, one-, two- and three-bedroom configurations. The average unit size is 849 square feet.
The community was 92% occupied at the time of financing, reflecting near-stabilization within roughly two years of delivery. Amenities include a resort-style pool with tanning ledge and hot tub, business center, coffee bar, poolside grill stations, a 24-hour fitness facility and yoga studio, a bark park with pet spa, and reserved and detached garages. The property also offers direct access to Colorado's Front Range Trail, a multi-county recreational corridor.
Vantage at Loveland benefits from proximity to several major regional employers, including Medical Center of the Rockies, Woodward, Inc., and Colorado State University.
Deal Structure and Lender Dynamics
The $40 million acquisition loan equates to approximately $138,900 per unit based on the 288-unit count. The debt was provided by a relationship life insurance company.
The JLL Capital Markets Debt Advisory team representing JB Matteson was led by Senior Director William Haass and Director Jonah Aelyon.
"JB Matteson's acquisition of Vantage at Loveland is reflective of continued investor demand in Northern Colorado, which has favorable fundamentals including a 4.80% stabilized market vacancy and continued strong absorption," Haass said. "We observed several lenders offering favorable financing terms, including some that had not previously closed deals in Northern Colorado."
JB Matteson's Colorado Expansion
JB Matteson is a San Francisco Bay Area-based real estate investment and property management firm with a six-decade history of acquiring and operating Class A multifamily residential properties across major metropolitan markets in the Western U.S. The company has grown its assets to more than $1 billion in value, with a strategic focus on core urban mixed-use and suburban garden-style apartment communities. The firm emphasizes proactive asset management, conservative financing, and operational excellence in markets with strong occupancy and rent growth dynamics.
The Vantage at Loveland acquisition represents JB Matteson's initial move into Colorado as part of a broader growth strategy targeting the Mountain West. Northern Colorado's multifamily market has drawn increased institutional attention, with average cap rates in Larimer County — where Loveland is located — running at approximately 5.1%, compared to a national multifamily average of around 6.0%.
About JLL Capital Markets
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group offers investment sales and advisory, debt advisory, mergers and acquisitions, corporate finance, loan sales, equity and fund placement, net lease, derivative advisory, and energy and infrastructure advisory services. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
JLL (NYSE: JLL) reported annual revenue of $26.1 billion and operates in over 80 countries with a global workforce of more than 112,000 as of June 30, 2026.
Sources
JLL Newsroom — $40M financing secured for Loveland, Colorado, multifamily community (Aug. 17, 2026)