$255.25 Million refinancing secured across Florida and Arizona for multifamily portfolio
United States, June 3 -- JLL Capital Markets announced that it has arranged a $255.25 million refinancing for a four-property multifamily portfolio with locations in Scottsdale, Arizona, as well as Tampa and Orlando, Florida.JLL worked on behalf of the borrowers, funds managed by Oaktree Capital Management, L.P. ("Oaktree") and TruAmerica Multifamily, in arranging the five-year, floating-rate loan through a national bank.The portfolio covers 1,324 units across four properties with locations in Florida and Arizona. In Florida, the portfolio includes a fractured condo development, Arbors at Carrollwood in Tampa, plus two Class A assets in Orlando: Audubon Park and Alcove Orlando. In Arizona, the portfolio features Luxe Scottsdale, a Class A p...
To read the full article or to get the complete feed from this publication, please
Contact Us.