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201 Southwest Joan Jefferso...

JLL Arranges $10.6M Refinance Loan For Azul Luxury Residences In Stuart, Florida
FINANCEDMultiFamily

JLL Arranges $10.6M Refinance Loan For Azul Luxury Residences In Stuart, Florida

201 Southwest Joan Jefferson Way

$10,600,000

Building Size

Asset Type

MultiFamily

Closing

Jan 5, 2024

AI

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

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.

Players

Kenny Cutler

JLL

Broker

$1.5B

vol

29 deals

Broker
SteepRock Capital
SteepRock CapitalLender

Stuart MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.50%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93