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Boston & New England  + New England  + Finance  |  November 1, 2021
East Haven, CT skyline
Lisa McDuffie
By: Lisa McDuffie

JLL Secures $20M Refinancing for Studio, One-Bed Community in East Haven, CT

JLL Capital Markets has arranged a $20.4-million refinancing package for 510 Main Apartments, a 214-unit multi-housing community in East Haven, CT. The borrower, Beachwold Residential, LLC, worked with JLL to secure the 10-year, fixed-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC.

The JLL Capital Markets debt team that represented the borrower was led by senior managing directors Elliott Throne and Mona Carlton, VP Alex Staikos and director Amit Kakar.

510 Main Apartments is comprised of studio and one-bedroom units ranging from 425 to 482 square feet. The community is located in close proximity to various retail and shopping nodes in addition to being located directly off Main Street, one of the major thoroughfares in East Haven.

Beachwold Residential controls 65 properties and 15,000 multifamily units in Connecticut, Texas, Florida, Georgia, Virginia, Maryland, New Jersey and Tennessee.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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