Northshore Development has secured $48 million in financing for Westshore Palm Bay, a 248-unit luxury apartment community in Palm Bay, Fla.
JLL represented the borrower in facilitating the floating-rate loan through ACORE Capital LP.
Westshore Palm Bay, located at 2331 Commerce Park Drive NE, offers convenient access to Interstate 95, providing residents easy commutes to major employers in the area, including L3 Harris, Northrop Grumman, Patrick Space Force Base and Collins Aerospace. The property is 10 minutes from Melbourne and 40 minutes from Port Canaveral.
Built in 2023, this newly constructed, stabilized asset features upscale interiors with granite countertops, stainless-steel appliances, wood-like flooring and private outdoor spaces. The community boasts an impressive array of amenities, including a 24-hour fitness center with on-demand virtual classes, a resort-style pool with sun shelf, a state-of-the-art clubhouse and an eight-acre lake within a natur
