JLL Capital Markets announced it has arranged $38.7 million in financing for Clear Lake Reserve Townhomes, a 199-unit for-rent townhome community in Pooler, Georgia.
JLL represented the borrower, 360 Communities, an affiliate of Freehold Capital Management, and Rockpoint, a Boston-based real estate private equity firm, to secure a floating-rate, three-year loan through Western Alliance Bank.
Clear Lake Reserve Townhomes will feature an extensive amenity package, including a resort-style pool, fitness center, basketball and pickleball courts, clubroom, brick fire pit, dock platform overlooking a community pond, dog park, putting green, playground and grilling stations. The community includes 86 three-bedroom and 113 four-bedroom townhomes, each with an attached two-car garage, private driveway and covered outdoor porch, featuring contemporary Class A finishes throughout. The community provides 853 total parking spaces, which equate to more than four spaces per unit, and also features dedicated guest and amenity parking areas.
The property is located at Clear Lake Way and Serene Way, providing residents with convenient five-minute access to Interstate 95 and Interstate 16. The property is also an 18-minute drive to historic downtown Savannah, nine minutes to Savannah Hilton Head International Airport, 25 minutes to the Port of Savannah and 40 minutes to the beaches of Tybee Island.
Additionally, the property’s location positions residents within five minutes of Pooler’s primary retail corridor along Pooler Parkway, encompassing more than 2.7 million square feet of office and retail space, including Tanger Outlets and major retailers such as Walmart, The Home Depot and Sam’s Club.
360 Communities and Rockpoint have structured the development with a publicly traded top-five national homebuilder performing vertical construction.
JLL Capital Markets’ Debt Advisory team was led by Senior Managing Director Chris Drew, Managing Director Matthew Putterman and Director Kenny Cutler.
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.
