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Asia Capital Real Estate Lands $43M Loan for Tampa Acquisition With help from JLL Capital Markets, the company purchased a suburban garden-style property in Hillsborough County. Jun042021 Image courtesy of NorthMarq Asia Capital Real Estate has acquired Lola Apartments, a 264-unit Class A community in Riverview, Fla., in Hillsborough County. The seller, a joint venture between Lindell Investments and Investors Realty, was represented in the transaction by NorthMarq Tampa’s Investment Sales team. Working on behalf of the buyer, JLL Capital Markets secured a $42.8 million acquisition loan through lender CIT Group. Lola Apartments is located at 9960 Jonas Salk Drive, in the southeast suburban area of Tampa, Fla. The pet-friendly property features one-, two- and three-bedroom units in proportions of 45 percent, 49 percent and 6 percent, respectively, with an average unit size of 968 square feet. Finishes include stainless steel ....
Beachwold Residential Lands Refi for Florida Community The 304-unit property is located a short distance from the waterfront in Panama City Beach, Fla. Dec142020 Image courtesy of JLL Capital Markets Multifamily owner, developer and operator Beachwold Residential has secured refinancing for its 304-unit apartment community in Panama City Beach, Fla. JLL represented the owner in securing the Freddie Mac loan, which will be serviced by JLL Real Estate Capital. Terms of the financing were not disclosed. Built in 2007, the mid-rise property, dubbed 79 West, is located a short distance from the beach and about 16 miles from downtown Panama City, not far from where Watermark Residential recently announced a new 312-unit community set to be delivered in April 2022. ....