Done Deals: Jan 5, 2024

Friday, January 5, 2024

JLL Capital Markets arranges $10.6 million refinancing for the 49-unit Azul Luxury Residences in Stuart, FL

Emily Pohlman

SAN DIEGO, CA, Jan. 5, 2024 – JLL Capital Markets has arranged the $10.6 million refinancing of Azul Luxury Residences, a 49-unit multi-housing community located in Stuart, Florida.

JLL worked on behalf of the borrower, Diversyfund, to secure a $9 million senior mortgage loan and a $1.6 million mezzanine loan through SteepRock Capital.

Azul Luxury Residences, Stuart, FL

Built in 2019, the three-story Azul Luxury Residences features one-, two- and three- bedroom spacious units with 10-foot ceilings, balconies, walk-in closets, stainless steel appliances, air conditioning and in-unit washers and dryers.

Common area amenities include a swimming pool, spa, clubhouse and a fitness center.

Bryan Clark,

Located at 201 SW Joan Jefferson Way, Azul sits in the heart of Historic Downtown Stuart, on the Southeastern coast of Florida.

The property boasts walkability to many of the area’s shops and restaurants, as well as well as Lyric Theater and the Creek Arts District.

Nearby outdoor activities are also easily available with the proximate St Lucie River, Shepard Park and Memorial Park. Additionally, the property is situated directly between US Highway 1 and Interstate 95, offering residents convenient access to Miami, Orlando and Palm Beach.

The JLL Capital Markets Debt Advisory team was led by Managing Director Bryan Clark, Director Kenny Cutler, Associate Brad Vansant and Analyst Emily Pohlman.

Kenny Cutler

"We were happy to have the opportunity to work with Bryan and his team on another transaction. JLL was able to identify the right lending partner in a difficult environment and move us to a quick close through the holiday season," said Isaac Dixon with DiversyFund.

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 sales and advisory, debt advisory, equity advisory or a recapitalization.

Isaac Dixon

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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

CONTACT:

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

Hold-Thyssen Brokers $540,000 Sale of North Kirkman Road Office Building in Orlando, FL To Established Orlando Law Firm

Martin Forster

ORLANDO, FL --- Hold-Thyssen, Inc., a full service commercial real estate firm based in Winter Park, recently arranged the sale of the building known as Sunrise on Kirkman located at 220 N. Kirkman Rd. in Orlando.

Buyer, Max & Associates, LLC, an established Orlando law firm specializing in immigration, paid $540,000 for the property which includes a 2,262 square foot concrete block building constructed in 2003 on 0.28 acres of land with eight parking spaces.

“This highly visible building, divided into two equal sized suites, quickly attracted the attention of several buyers ranging from emergency care doctors, chiropractors, investors and accountants to a tailor,” said Martin Forster, CCIM who brokered the transaction representing the Denver-based seller, Sunrise on Kirkman, LLC.

SOLD: building known as Sunrise
located at 220 North Kirkman
Road, Orlando, F.

“It was a rare opportunity for the attorney to acquire a small, manageable building on a main road, with great visibility facing a high traffic count,” said Forster. “The transaction moved quickly,” said Forster, “just 31 days from listing to closing before year end.”

For more than 40 years, Hold-Thyssen has provided commercial property brokerage, leasing and management services to institutional and private investor clients nationwide and internationally.

The firm’s current portfolio includes more than 100 commercial properties throughout the United States.