JKM Developers Secures $45M Loan For Tamarac Village Phase I Multifamily

Tamarac Village Phase I, a Lotis Community, is a 211-unit luxury rental apartment community located at 9141 West Commercial Boulevard in Tamarac. The property, developed by JKM Developers in a joint venture with Lotis and Capital Solutions, Inc., features first-class amenities such as a fitness facility, clubhouse, and resort-style pool. The development is part of a Public-Private Partnership with the City of Tamarac, situated on a ± 6.94-acre parcel and subject to a long-term ground lease.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $45,000,000.00
• Address: 9141 W Commercial Blvd, Tamarac, FL
• Market: Sunrise
• Borrower's Rep: Sean Harrington (Aztec Group)
• Borrower: JKM Developers
• Lender: Limekiln Real Estate

Aztec Group's Managing Director Sean Harrington and Senior Associate Joel Zusman facilitated the $45 million non-recourse loan for Tamarac Village Phase I. The refinancing exceeded the client's expectations, providing full-term interest-only financing by Limekiln Real Estate. The development of Tamarac Village, a Lotis Community, with its Phase II underway, aims to bring new luxury rentals, retail spaces, and public benefits to the City of Tamarac.