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JLL Capital Markets Facilitates $149M Refinance For Multifamily Portfolio In GA, NC & SC

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FINANCED
$149,000,000
Tim Wright
Bharat Madan
+ 1

Georgia

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MultiFamily
Financed 01/23/2024
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FINANCED

JLL Capital Markets Facilitates $149M Refinance For Multifamily Portfolio In GA, NC & SC

101 Spring Lakes Drive, 4110 Verde Vista Circle & 3530 Verdier Boulevard

See Similar Deals
MultiFamily
Financed 01/23/2024
Tim Wright
Bharat Madan
+ 1
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Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Loan

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

Tim Wright
9 deals$2.4B volume
BROKER

Bharat Madan
JLL
9 deals$1.9B volume
BROKER

Aldon Cole
JLL
15 deals$2.3B volume
BROKER

Aaron Feldman
Sunroad Enterprises
5 deals$186.8M volume
LANDLORD

Details

FINANCED
IMAGE: Aaron Feldman, Aldon Cole, Bharat Madan & Tim Wright DATE: 01/23/2024 ADDRESS: 101 Spring Lakes Drive, 4110 Verde Vista Circle & 3530 Verdier Boulevard MARKET: Savannah, GA; Asheville, NC & Charleston, SC ASSET TYPE: Multifamily ~ UNITS: 857 LANDLORD: Sunroad Enterprises - Aaron Feldman BROKERS: Aldon Cole, Bharat Madan & Tim Wright - JLL LOAN AMOUNT: $149,000,000 LOAN TYPE: Refinance NOTE: JLL Capital Markets has facilitated a $149 million refinancing deal for a three-property, 857-unit multi-housing portfolio located in Georgia, South Carolina, and North Carolina.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$149,000,000.00

Monthly NOI$993,333.33
Monthly Debt Service$941,781.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00