Lee Weaver And Melissa Marcolini Quinn Of JLL Secure Loan On Melbourne Multifamily Property

The Haven at West Melbourne, a three-story, garden-style multifamily community located at 4550 Explorer Dr, Melbourne, FL, 32904, has been acquired by JT Capital for $84.7 million. The property includes 13 buildings with one-, two-, and three-bedroom floorplans averaging 1,164 square feet. Amenities offered are full-sized washers and dryers, walk-in closets, window coverings, nine-foot ceilings, hardwood-style vinyl flooring, granite countertops, and private balconies or sunrooms.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $84.7 million
• Market: Melbourne
• Borrower's Rep: Lee Weaver (JLL), Melissa Marcolini Quinn (JLL)
• Lender: Unknown Correspondent life insurance company

Melissa Marcolini Quinn, Lee Weaver, Rob Rothaug, and Emily Moallem of JLL represented the borrower in arranging an undisclosed amount of debt and equity financing for the acquisition of The Haven at West Melbourne. The property is strategically located near major employers such as L3Harris, Collins Aerospace, Northrop Grumman, and Patrick Air Force Base. Additionally, it is in proximity to educational institutions like Florida Institute of Technology and Eastern Florida State College, as well as healthcare providers including Health First, Steward Healthcare, and Kindred Hospital.