JLL Capital Markets Arranges $53 Million Refinancing For Bobo Development Group's Arcadia Huntsville

The asset involved in the transaction is a multifamily community located at 4810 Bradford Drive Northwest in Huntsville, Alabama. This property features 250 units and includes 18,000 square feet of ground-floor retail. The loan for this property is valued at $53,000,000 under a senior loan type and is intended to support the completion of the lease-up and stabilization of the community.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $53,000,000
• Address: 4810 Bradford Drive Northwest
• Market: Huntsville, AL
• Units: 250
• Landlord: Bobo Development Group
• Broker: JLL Capital Markets
• Loan Type: Senior
• Note: The financing will provide flexible capital for further development.

JLL Capital Markets acted as the broker in this financing arrangement, facilitating the loan on behalf of Bobo Development Group and its limited partner Revitate. The transaction is part of an effort to enhance the property completed in 2024.