$38.7 Million financing secured for Clear Lake Reserve Townhomes near Savannah, GA
United States, Sept. 19 -- JLL Capital Markets announced it has arranged $38.7 million in financing for Clear Lake Reserve Townhomes, a 199-unit for-rent townhome community in Pooler, Georgia.JLL represented the borrower, 360 Communities, an affiliate of Freehold Capital Management, and Rockpoint, a Boston-based real estate private equity firm, to secure a floating-rate, three-year loan through Western Alliance Bank.Located just outside Savannah, Clear Lake Reserve Townhomes spans approximately 50 acres and will feature 199 three- and four-bedroom units ranging from 1,385 to 2,010 square feet. The community includes 86 three-bedroom and 113 four-bedroom townhomes, each with an attached two-car garage, private driveway and covered outdoor po...
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