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Florida & Gulf Coast  + Central Florida  + Finance  |  August 30, 2019
David Cohen
By: David Cohen

JLL Secures $24M Refinancing for Port Richey Apartment Community

JLL secured a $24-million loan to refinance Agora at Port Richey, a 288-unit, garden-style apartment community in Port Richey.

The apartment property consists of 24, two-story buildings totaling 264,168 square feet. Floorplans include one-, two- and three-bedroom layouts. Amenities include a swimming pool with cabanas, fitness center, dog park, playground, clubhouse, business center, internet café and coffee bar.

Elliott Throne and Jesse Wright of JLL secured the 10-year, fixed-rate loan on behalf of Agora Capital Partners through lender Goldman Sachs. Terms of the loan included interest-only payments for the full term. The financing replaces acquisition financing the same deal team secured on the borrower’s behalf in 2017.

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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