Greenwater secures $22.6M refinance for 332-unit Villas de la Montaña in Tucson

7/30/2025

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RE Daily News

• Subcategory: Capital Markets: Debt, MF: Market Rate

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance, MF: Garden

• Company: Jones Lang LaSalle (NYSE: JLL)

JLL Capital Markets announced today that it has secured a $22.6 million refinancing for Villas de la Montana, a 332-unit, Class-B apartment community located in Tucson, Arizona.

JLL worked on behalf of the borrower, GDL Asset Management, LLC, founded in 2010 by CEO Genaro Diaz, in arranging the fixed-rate, non-recourse loan through Santander Bank N.A.