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Atlanta & Southeast  + Southeast  + Apartments  |  June 8, 2021
David Cohen
By: David Cohen

JLL Secures $53M Acquisition Loan for Myrtle Beach Apartments

JLL has secured a $53.1 million acquisition loan for Harrington Village Apartments, a multi-housing property located in Leland, N.C.

The apartments total 387,315 square feet and consist of 333 one- and two-bedroom units. The property also features seven commercial units totaling 11,895 square feet that are available for lease. Apartments feature granite countertops, in-unit washer and dryer connections, nine-foot ceilings, walk-in closets and balconies. Amenities include access to a Bark Park and dog washing station, business center, outdoor grilling area, clubhouse, fitness center and a pool with sundeck. The community is located at 4276 Harrington Rd.

Paul Brindley, Jeff Sause, John Gavigan and Harrison Kalt of JLL worked on behalf of the borrower, Latitude Management Real Estate Holdings Inc., to secure the non-recourse, full-term, interest-only bridge loan through lender Sound Point Capital Management LP.

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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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