 |
| Mona Carlton |
MIAMI, FL, Oct. 8, 2020 – JLL
Capital Markets announced today that it has arranged $5.46 million in financing
for The Place at Capper Landing, a
garden-style multi-housing community located at 10535 Lem Turner Rd. in
Jacksonville, Florida.
JLL worked on behalf of Beachwold Residential to secure the
supplemental loan through Freddie Mac. The loan will be serviced by JLL Real
Estate Capital, LLC, a Freddie Mac Optigo℠ lender.
 |
| Elliott Throne |
With proceeds from this loan, Beachwold Residential can continue
enhancing the property with extensive interior unit upgrades such as new
fixtures, appliances and finishes.
Since Beachwold Residential acquired the property in 2015, it has
spent $5.42 million on renovations, including interior and common area updates.
The property was built in 1999, is about 98%
occupied, and consists of 360 units, offering one-, two-, three- and
four-bedroom apartments.
The community is pet-friendly and has a health
club, 24-hour laundry facility, playground, business center, picnic area with
grills, pool with a sundeck and resident entertainment center.
 |
| Jesse Wright |
The JLL Capital Markets team representing the borrower was
led by Senior Managing Directors Elliott Throne and Mona Carlton
and Director Jesse Wright.
 |
| The Place at Capper Landing Apartments, Jacksonville, FL |
“Beachwold has had an outstanding run with Freddie Mac this year
and they have done their investors a great service by adding accretive
supplemental loan proceeds to an asset that already benefits from an excellent
Freddie Mac senior loan,” said Wright.
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.
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CONTACT:
Natalie Passarelli
JLL Senior Associate
Public
Relations
Phone: +1 224 477 7307
Email: Natalie.Passarelli@am.jll.com
