US EditionJLL Arranges Refi for 3 Florida Apartment Assets
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JLL Arranges Refi for 3 Florida Apartment Assets
TruAmerica and Oaktree Capital Management have obtained a $255.3 million refinancing of apartment properties in Tampa and two in Orlando. A fourth development in the portfolio is in Scottsdale. JLL worked on behalf of the borrowers in arranging the five-year, floating-rate loan through a national bank. The final terms included a competitive spread, full term interest only, with flexible prepayment provisions allowing the sponsors to continue the…
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