Thursday, December 10, 2020

Construction financing and equity secured for 20-Midtown in Birmingham, AL

 Lauren Dow.
   

DALLAS, TX, Dec. 10, 2020 – JLL Capital Markets announced today that it has arranged construction financing and equity for the Phase II development of 20-Midtown, a mixed-use property consisting of residential and ground floor retail in Birmingham, Alabama. 

 

JLL worked on behalf of the borrower, a group of local developers and investors, to secure a construction loan through Bank OZK and equity investment from New York Mortgage Trust (NYMT).

 

The JLL Capital Markets team representing the borrower was led by Managing Director Jeremy Sain and Director Lauren Dow

 

Phase II of the 20-Midtown development will include 312 apartment units in micro, studio, one-, two- and three-bedroom layouts, with one-bedroom units available in multiple floorplan options.


 Jeremy Sain 
 

Phase I, which was completed in 2017, consists of 111 apartment units and retail space, including Publix, Starbucks and Chipotle.


The property is located in the Parkside District of Downtown Birmingham, a burgeoning urbanset recently experiencing a revitalization.

 

For more news, videos and research resources on JLL, please visit our newsroom.


CONTACT

Natalie Passarelli

Public Relations

Jones Lang LaSalle Americas, Inc.

200 E. Randolph St.
Chicago, IL 60601

M +1 224 477 7307

natalie.passarelli@am.jll.com

 

us.jll.com/investorservices

http://www.nymtmultifamily.com/

 

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  2. Hi there. This fence and the property fenced in is owned by Inwood Terrace Incorporated. The art is lovely and I am glad to have it displayed but the fence is not vacant and Inwood Terrace is responsible for the sidewalk, which is a pain because our workers have to go from 99 Hillside Ave and climb up the hill to clean.

    I am proud to be part of a neighborhood where art is appreciated. We should be contacted though since we are the owners of the appropriated fence for the show, "For the Love of Art: An Appropriated Intentions Exhibition”

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