MIAMI, May 28, 2025 - JLL Capital Markets has successfully secured a $48 million refinancing for Westshore Palm Bay, a 248-unit luxury apartment community located in Palm Bay, Florida. Representing the borrower, Northshore Development, JLL facilitated the floating-rate loan through ACORE Capital LP. Positioned in Florida's burgeoning Space Coast region, Westshore Palm Bay provides easy access to major employers and boasts a high occupancy rate of 94%. The refinancing underscores the property's strategic location and attractiveness as an investment opportunity. This transaction marks the third collaboration between JLL and Northshore Development, highlighting JLL's pivotal role in achieving the project's long-term vision.
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