The transaction involved a 576-bed student housing project located at 311 North Newport Avenue in the Tampa market. The asset is known as Apella on Newport and is designed to cater to the increasing off-campus housing demand driven by the growth in university enrollment. A refinance loan amounting to $97,450,000 was secured to facilitate the financing of the property.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $97,450,000
• Loan Type: Refinance
• Loan Terms: three-year, floating-rate
• Lender: MF1/Limekiln Real Estate Investment Management
• Landlord: Commercial Street Partners, LLC
• Brokers: Jade Starkey, Lee Weaver, Melissa Marcolini Quinn & Rob Rothaug - JLL

JLL Capital Markets played a key role in arranging the refinancing loan for Commercial Street Partners. The notable individuals involved in this transaction include Jade Starkey, Melissa Marcolini Quinn, Rob Rothaug, and Lee Weaver, who represented the interests of Commercial Street Partners in this financing deal.