 |
| Mona Carlton |
MIAMI, FL – JLL Capital Markets announced it has arranged a $32.25 million refinancing for Lake House, a 240-unit, garden-style multi-housing community in Davenport, Florida.
 |
Elliott Throne |
JLL worked on behalf of the borrower, Beachwold Residential, to
secure the 10-year, floating-rate loan through Freddie Mac. The loan will be
serviced by Holliday Fenoglio Fowler LP, a JLL company and a Freddie Mac Optigo℠ lender.
Lake House is situated on 19.72 acres at 200 Village Boulevard in
the community of Davenport, outside of Orlando.
The
property benefits from several nearby employment demand drivers, including Walt
Disney World, Universal, numerous Fortune 500 distribution centers and Orlando
Health’s new “Reunion Village” development.
Additionally, the immediate area surrounding the
property offers residents an abundance of retail, restaurants, recreation and
entertainment offerings.
 |
| Jesse Wright |
Renovated in 2019, Lake House offers tenants one-, two- and three-bedroom floor plans, and community amenities that include a pet-friendly environment, clubhouse, health and fitness center, car care area, basketball court, outdoor grill, swimming pool, tennis court and bark park.The JLL Capital Markets team representing the borrower was led by Senior Managing Director Mona Carlton, Managing Director Elliott Throne, Directors Jesse Wright and Amit Kakar and Associate Michael DiCosimo.“This refinance is a testament to lenders like Freddie Mac who continue to provide unbelievably attractive financing terms in a unique time when all else seems uncertain,” Throne said. “Beachwold was able to take advantage of historically low rates that better position both them and this great asset for many years to come.”
 |
| Amit Kakar |
JLL
Capital Markets is a full-service global provider of capital solutions for real
estate investors and occupiers.
The firm's in-depth local market and global investor
knowledge delivers the best-in-class solutions for clients — whether investment
advisory, debt placement, equity placement or a recapitalization.
The firm has more than 3,700 Capital Markets specialists
worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit
the firm’s U.S. media center Web page: U.S. newsroom.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that
specializes in real estate and investment management.
 |
| Michael DiCosimo |
JLL shapes the future of
real estate for a better world by using the most advanced technology to create
rewarding opportunities, amazing spaces and sustainable real estate solutions
for our clients, our people and our communities.
JLL is a Fortune 500 company
with annual revenue of $18.0 billion, operations in over 80 countries and a
global workforce of more than 94,000 as of March 31, 2020.
JLL is the brand
name, and a registered trademark, of Jones Lang LaSalle Incorporated.
About Beachwold Residential
 |
| Lake House, a 240-unit, garden-style multi-housing community in Davenport, Florida. |
Beachwold Residential and its principals have built, owned and
managed multifamily properties for 40 years. The firm controls 57 properties
and 15,000 multifamily units in Connecticut, Texas, Florida, Georgia, Virginia,
Maryland, New Jersey and Tennessee.
CONTACT:
Kristen Murphy
JLL Senior Manager
Public
Relations
Phone: +1 617 848 1572
No comments:
Post a Comment