JLL has arranged $127.5 million in financing for EON at Flagler Village developed by Alta Developers, a two-phase multi-housing community in one of Fort Lauderdale, Fla.’s most vibrant neighborhoods.
JLL worked on behalf of the borrower, Alta Developers, to secure the three-year, floating-rate loan through Mack Real Estate Credit Strategies. Loan proceeds will be used to retire the existing construction loan on phase I and will fund the construction of phase II.
The properties are located within the popular Flagler Village neighborhood of Fort Lauderdale, which is within one mile of the city’s downtown core. Residents benefit from proximity to 7 million square feet of office space, 1 million square feet of retail along Las Olas Boulevard and public transportation options, including the new Virgin train station, which is within walking distance of the property. Phase I of EON at Flagler Village was completed in May 2019 and consists of 206 residential units along w
