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Florida & Gulf Coast  + Florida  + Apartments  |  January 6, 2020
David Cohen
By: David Cohen

JLL Secures $128M Financing for Fort Lauderdale MF Project

JLL has arranged $127.5 million in financing for EON at Flagler Village, a two-phase, multifamily community in Fort Lauderdale’s Flagler Village neighborhood.

Brian Gaswirth and Reid Carleton of JLL secured the financing on behalf of the borrower, Alta Developers. Mack Real Estate Credit Strategies provided a three-year, floating-rate loan, which will be used to retire the existing construction loan on Phase I of the project and will fund Phase II.

Phase I was completed in May 2019, and consists of 206 residential units as well as 3,320 square feet of retail. Phase II is expected to be completed by Spring 2021, and will feature 270 residential units as well as 2,400 square feet of retail space.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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