JLL Capital Markets arranges financing for the acquisition of 295 newly built Aventon Park West units in Savannah, GA
CHICAGO, IL – JLL Capital Markets today announced it has arranged financing for the acquisition of Aventon Park West, a new garden-style 295-unit community adjacent to the Pooler submarket in northwest Savannah, GA .
JLL worked for an individual to secure the seven-year fixed rate loan through Freddie Mac. The loan will be managed by JLL Real Estate Capital, LLC, a lender to Freddie Mac Optigo℠.
Aventon Park West, which was built in 2020, features one, two and three bedroom units averaging 962 square feet. Apartments include kitchen islands, keyless entry with mobile activation, smart thermostats, washer and dryer, walk-in showers, soaking tubs, large walk-in closets, USB outlets, private balconies and patios, and a choice of two high speed internet / video providers. Community amenities include a saltwater swimming pool with private cabanas; covered terrace overlooking the swimming pool; outdoor kitchen and pool bar with grill stations; outdoor living room with fireplace; hammock garden and play lawn; controlled access; charging stations for electric vehicles; Fitness Center; yoga studio; coworking spaces; club lounge with games room with coffee bar; pet spa and two dog parks; children’s play area; and hiking trails by the lake.
Located at 2080 Benton Blvd., the property offers quick access to I-95 and is just 13 miles from downtown Savannah. Nearby are some of Savannah’s largest employers, such as Gulfstream Aerospace, Georgia-Pacific, St. Joseph’s / Chandler, and the Port of Savannah. Aventon Park West also offers easy access to Savannah International Airport, historic downtown Savannah and adjacent barrier islands / beaches.
The JLL Capital Markets debt team that represented the borrower was led by Senior Managing Director Marc Schillinger and his partners Jonah Aelyon and Eric Boucher.
“We did a marketing process to figure out which execution would be better between the insurance companies, Freddie Mac and Fannie Mae, and this time Freddie Mac got the ball out of the park,” Schillinger said. “We are very happy that our client was able to purchase this asset on such incredible terms. “
JLL offers multi-home investors a full range of solutions through a diverse and integrated platform. The division employs approximately 400 professionals who provide comprehensive investment sales advisory and disposition services with access to thousands of domestic and foreign investors. JLL is also one of the largest affordable and conventional multi-family housing and senior housing lenders in the country, with comprehensive loan underwriting, asset management and loan servicing capabilities.
JLL Capital Markets is a global full service provider of capital solutions for real estate investors and occupants. The company’s in-depth knowledge of the local market and global investors provides the best solutions for clients, whether it is investment advice, debt placement, equity placement or recapitalization. The company has more than 3,700 capital markets specialists around the world with offices in nearly 50 countries.
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