JLL Arranged the $149M Refinancing for Verde Vista, Avenues at Verdier Point and Adara at Godley Station, Totaling 857 Units

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Adara at Godley Station
The 256-unit Adara at Godley Station located at 101 Spring Lakes Drive in Savannah, Georgia

JLL Capital Markets announced that it has arranged the $149 million refinancing for a three-property, 857-unit multi-housing portfolio located in Georgia, South Carolina and North Carolina. The properties include Adara at Godley Station, Avenues at Verdier Point, and Verde Vista.

JLL represented the borrower, Sunroad Enterprises, to secure the three-year, fixed-rate loan through a life insurance company.

Sunroad Enterprises acquired the three assets in 2021 and executed value-add business plans, completing 100% of exterior and common area renovations and 50% of interior renovations.

Each community features luxury residential units, ranging from studios to three-bedroom floorplans, and a wide variety of community amenities, including a resort-style pool, a state-of-the-art fitness center, renovated clubhouses, game rooms, outdoor kitchens and more.

Verde Vista
The 313-unit Verde Vista located at 4110 Verde Vista Circle in Asheville, North Carolina
The Avenues at Verdier Point
The 288-unit Avenues at Verdier Point located at 3530 Verdier Boulevard in Charleston, South Carolina

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Aldon Cole and Tim Wright and Vice President Bharat Madan.

“Getting this done is a testament to Sunroad’s ability to create significant value through thoughtful business planning and tremendous execution. This transaction also really emphasizes the liquidity still available in this market for quality assets with strong sponsors,” said Cole.

Adara at Godley Station is featured at the top. 

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 sales and 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.