 |
| Enclave at Northwood multi-housing community 2690 Enterprise Road East, Clearwater, FL |
 |
| Elliott Throne |
MIAMI, FL –– JLL
Capital Markets announced it arranged the $24.126 million
refinancing for the Enclave at Northwood multi-housing community located at
2690 Enterprise Road E. in Clearwater, Florida.
JLL worked on behalf of the borrower, JWC Clearwater LLC, a
private equity partnership managed by Preston Giuliano Capital Partners, to
secure the loan through Freddie Mac.
The loan will be serviced by Jones Lang
LaSalle Multifamily, LLC, a Freddie Mac Optigo℠ lender.
JWC Clearwater acquired the property in 2015 by assuming a Freddie Mac senior
loan and placed a supplemental loan in 2018 after conducting extensive external
and internal renovations.
 |
| Amit Kakar |
The refinance repays both loans and provides funds
for a new outdoor dining pavilion, a gazebo and boat dock on the lake and unit
renovations.
The Enclave at
Northwood was built in 1984 and consists of
188 villas and townhouses for residents seeking a private-estate-like property
that’s also in close proximity to the city.
The community is conveniently
positioned nearby various dining, retail and entertainment options, along with
renowned schools and parks.
The JLL Capital Markets team representing the borrower was led by
Senior Managing Director Elliott Throne, Directors Amit Kakar and Jesse Wright
and Associate Drew Jennewein.
 |
| Jesse Wright |
“The Borrower continues to add to the value of this unique asset
and has enhanced the property with great financing that further strengthens it
for years to come,” stated Throne.
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.
 |
| Drew Jennewein |
About Preston Giuliano Capital Partners
Founded in 2011, Preston Giuliano is a principal investor, backed
by private capital with extensive financial resources.
Preston Giuliano funds single asset and portfolio transactions from $2 million to $60 million.
Preston Giuliano funds single asset and portfolio transactions from $2 million to $60 million.
The
firm seeks opportunities to acquire, rehabilitate, and reposition value-add,
distressed, or troubled properties.
Preston Giuliano capitalizes properties with enough equity to capture value opportunity and remove distress and employs low levels of leverage in doing so. Company leadership has more than ninety-five years of combined experience in real estate investment, development, and management.
Preston Giuliano capitalizes properties with enough equity to capture value opportunity and remove distress and employs low levels of leverage in doing so. Company leadership has more than ninety-five years of combined experience in real estate investment, development, and management.
CONTACT:
Natalie Passarelli
Public Relations
Public Relations
Jones Lang LaSalle Americas, Inc.
200 E. Randolph St.
Chicago, IL 60601
Chicago, IL 60601
M +1 224 477 7307
No comments:
Post a Comment