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316-Unit Apartment Complex Earns $28M Loan

HOUSTON-The Fingers Cos. gets a seven-year loan for $27.7 million at a sub-5% interest from Cigna for the Jackson Hill Apartments. Developed in 2002, the complex is now fully leased with monthly rents ranging from $995 to about $2,000.

By Jennifer Brenner Andrade | Updated on March 08, 2004

HOUSTON-The Finger Cos. of Houston has obtained a $27.7-million loan from Philadelphia-based Cigna Investments Inc. for the 316-unit Jackson Hill complex, positioned just west of the downtown.

The seven-year loan, with a 30-year amortization, came with a sub-5% fixed interest rate for the 320 Jackson Hill St. property in the upscale Allen Parkway neighborhood. The Finger Cos. built the complex in 2002; today, it’s fully leased.

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