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MIAMI, FL – JLL Capital Markets announced today it arranged a $28.5 million acquisition financing for Alvista Willow Brook, a 180-unit multi-housing property located in Meriden, Connecticut, that will now go by the name The Arlo. JLL represented the borrower, Beachwold Residential, to secure the acquisition financing through the lender, Sound Point Capital. The Sound Point Capital team was represented by Jordan Heller and Marc Tolchin. The Arlo was built in 2005 and has continuously received upgrades in recent years. The property consists of studio, one- and two-bedroom units boasting open and oversized floorplans. There are also 12 two-bedroom townhomes at the property. Community amenities include a clubhouse, fitness center, swimming pool, business center and dog park. ....
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. ....