JLL Capital Markets has secured $262 million in debt as well as $40 million in equity for the refinancing of a six-property multi-housing portfolio spread across Maryland, Virginia and Alabama.
The JLL Capital Markets represented the borrower, Carter Multifamily, which secured the seven-year, floating-rate loans through Freddie Mac Multifamily.
“Despite turbulent debt markets, we were able to facilitate a refinance of the portfolio with favorable senior financing from Freddie Mac, who was attracted to the deal due to the portfolio’s contribution to its mission and the borrower’s strong track record,” said Melissa Marcolini Quinn, senior managing director at JLL Capital Markets, who, alongside senior managing director Lee Weaver, led the central Florida debt & equity advisory team with this deal.
The loans will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender. JLL also worked to secure the equity through an institutional investor.