Azul Luxury Residences, a 49-unit multifamily community located at 201 Southwest Joan Jefferson Way in Stuart, Florida, underwent a refinancing transaction. JLL Capital Markets arranged a $10.6 million loan from SteepRock Capital on behalf of borrower Diversyfund. This transaction enhanced the property's financial structure and solidified its position in Historic Downtown Stuart.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,600,000
• Units: 49
• Market: Stuart
• Lender: SteepRock Capital
• Landlord: Craig Cecilio & Isaac Dixon - Diversyfund
• Brokers: Bradley Vansant, Bryan Clark, Emily Pohlman & Kenny Cutler - JLL

JLL's team, consisting of brokers Bradley Vansant, Bryan Clark, Emily Pohlman, and Kenny Cutler, played a pivotal role in facilitating this refinancing deal. By securing the loan from SteepRock Capital, the team contributed to the property's improved financial structure and its advantageous location in Historic Downtown Stuart.