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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.