{"id":38809,"date":"2023-11-01T07:38:04","date_gmt":"2023-11-01T14:38:04","guid":{"rendered":"https:\/\/yieldpro.com\/?p=38809"},"modified":"2023-11-01T07:38:04","modified_gmt":"2023-11-01T14:38:04","slug":"jll-secures-18-5m-in-financing-for-coastal-carolina-university-student-housing-community","status":"publish","type":"post","link":"https:\/\/yieldpro.com\/2023\/11\/jll-secures-18-5m-in-financing-for-coastal-carolina-university-student-housing-community\/","title":{"rendered":"JLL Secures $18.5M in Financing for Coastal Carolina University Student Housing Community"},"content":{"rendered":"

JLL<\/a> announced that it has arranged the $18.5 million acquisition financing for Bellamy Coastal<\/a>, a 150-unit \/ 480-bed, Class A student housing property, serving Coastal Carolina University<\/a> in Conway, South Carolina.<\/p>\n

JLL worked on behalf of the borrower, Eastman Residential, to secure the five-year, fixed-rate acquisition financing through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, LLC., a Freddie Mac Optigo\u2120 lender.<\/p>\n

The JLL Capital Markets Debt Advisory team was led by Senior Director Dan Kearns, Senior Director Patricia Heminger, Senior Analyst Sam Tarter and Analyst Katia Novi.<\/p>\n

The community is located at 300 Bellamy Avenue, just 0.5 miles east of CCU\u2019s campus. Additionally, residents are just 10 miles away from downtown Myrtle Beach.<\/p>\n

“Our JLL team is thrilled to help facilitate the first financing between Eastman Residential and Freddie Mac, establishing what will be a tremendous long-term relationship,” said Kearns.<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL announced that it has arranged the $18.5 million acquisition financing for Bellamy Coastal, a 150-unit \/ 480-bed, Class A student housing property, serving Coastal Carolina University in Conway, South Carolina. JLL worked on behalf of the borrower, Eastman Residential, to secure the five-year, fixed-rate acquisition financing through Freddie Mac Multifamily. The loan will be […]<\/p>\n","protected":false},"author":15,"featured_media":38810,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[430,606,435,605],"tags":[609,24500,31588,608,14864,170],"class_list":["post-38809","post","type-post","status-publish","format-standard","hentry","category-atlantic-region","category-deal-boom","category-midwest-south-region","category-news","tag-deal-boom","tag-jll","tag-myrtle-beach-south-carolina","tag-news","tag-south-carolina","tag-student-housing"],"yoast_head":"\nJLL Secures $18.5M in Financing for Coastal Carolina University Student Housing Community | Yield PRO<\/title>\n<meta name=\"description\" content=\"JLL $18.5 million financing for Bellamy Coastal student housing property, serving Coastal Carolina University in Conway, South Carolina.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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