JLL Capital Markets Facilitates $149M Refinance For Multifamily Portfolio In GA, NC & SC
101 Spring Lakes Drive, 4110 Verde Vista Circle & 3530 Verdier Boulevard
$149,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 23, 2024
AI
A $149 million refinancing deal has been facilitated by JLL Capital Markets for a three-property, 857-unit multi-housing portfolio. The portfolio consists of properties located in Savannah, GA; Asheville, NC; and Charleston, SC. The assets are multifamily properties, offering a total of 857 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $149,000,000
- Address: 101 Spring Lakes Drive, 4110 Verde Vista Circle, and 3530 Verdier Boulevard
- Market: Savannah, GA; Asheville, NC; and Charleston, SC
The portfolio is owned by Sunroad Enterprises, represented by Aaron Feldman. The refinancing deal was brokered by Aldon Cole, Bharat Madan, and Tim Wright from JLL.
Players
Savannah MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93