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JLL Secures $75M Refinancing for Long Beach Apartment Community

JLL Secures $75M Refi for Long Beach Apartment Community

JLL Capital Markets has arranged the $75 million refinancing for The Landing at Long Beach, a 206-unit, garden-style apartment community in Long Beach, CA. JLL represented the borrower, Silver Star Real Estate to secure the three-year, floating-rate loan through LoanCore Capital.

The Landing features one- and two-bedroom units, with more than half updated with stainless steel appliances, quartz countertops and faux wood flooring. Amenities include a tennis court, picnic area and resort-style pool. Located at 1614 Ximeno Ave., the community is also walkable to many restaurants, entertainment and retail offerings.

“Now more than ever, it is vitally important to deliver certainty to our clients,” said JLL Capital Markets Debt Advisory team Senior Managing Director Greg Brown, who represented the borrower along with Associate Charlie Vorsheck. “Thanks to a strong relationship with our lender, we were able to close this loan amidst a choppy time in the capital markets.”

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Inside The Story

JLL's Greg Brown LoanCore CapitalThe Landing at Long Beach

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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