Jones Lang LaSalle has secured $98 million in senior financing for the acquisition of the 1,020-unit Jefferson Hills in Framingham.

Greystar financed the purchase with a loan from Freddie Mac’s Capital Markets Execution program.

Jones Lang LaSalle’s Executive Managing Director Tom Fish, Managing Director Faron Thompson and Vice President Catherine Justice led the financing efforts.

"Once again, Greystar’s sponsorship provided an extremely compelling case for lenders interested in Jefferson Hills’ irreplaceable location and its significant upside," said Fish. "Through the combination of a talented organization, discretionary capital, and Freddie Mac as a lender, Greystar has positioned themselves to be one of the most efficient and reliable multifamily buyers in the market."

Jefferson Hills, located at 1610 Worcester Road, was originally developed between 1974-1976 and renovated from 1998 to 2008. The property consists of four, six-story mid-rise apartment buildings. It is currently 95 percent leased.