JLL Capital Markets announced that it has arranged the refinancing for The Q at Maitland, a 129-unit, garden-style multihousing community strategically located within the Maitland submarket of Orlando, Florida.
JLL represented the borrower, JT Capital, to secure the Fannie Mae loan.
Built in 1966 and renovated in 2008 and 2022, The Q at Maitland features one-, two-, three- and four-bedroom units with stainless steel appliances, granite countertops, designer cabinetry and in-home washers and dryers. Community amenities include a resort-inspired pool, a resident lounge, 24-hour fitness center and poolside grilling station with cabanas.
The JLL Capital Markets Debt Advisory team was led by Senior Managing Directors Melissa Quinn and Lee Weaver and Vice President Rob Rothaug.
“We are pleased to have refinanced The Q at Maitland, an exceptionally well-located asset in the heart of Orlando’s most sought-after neighborhoods,” said Quinn. “This was a fixed-rate, full-term I/O Fannie Mae execution for our wonderful friends and clients at JT Capital. With the help of a rate buy-down option, we were able to obtain a lower, more favorable interest rate.”
Sapan Talati, Partner with JT Capital, added, “This asset has been a strong performer in our portfolio. Along with being a fantastic property with a diverse tenant base, we are bullish on Florida in general given its status as the fastest-growing state in the nation, and Central Florida in particular given its solid growth prospects.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients—whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.