JT Capital Lands $23M Refinancing in Orlando
Fannie Mae provided the funds on a five-year fixed interest.
The Q at Maitland. Image courtesy of JLL Capital Markets
JT Capital has received a $22.7 million loan for the refinancing of a 129-unit multifamily community in Maitland, Fla. JLL Capital Markets helped secure the five-year CMBS funding on behalf of the borrower. The Fannie Mae note has a roughly 5.06 percent fixed interest per annum, according to Yardi Matrix.
The same data provider shows JT Capital purchased the property in 2021 for $29 million, financing the acquisition with a $24.6 million loan originated by Voya Financial.
Completed in 1996, The Q at Maitland received renovations in 2008 and 2022. The luxury property encompasses eight buildings with one-, two-, three- and four-bedroom floorplans, ranging between 700 and 2,014 square feet. Apartments have washers and dryers, stainless steel appliances and walk-in closets. The pet-friendly community features a fitness center, a clubhouse, a swimming pool, a business center, grilling stations, controlled access and 260 parking spaces.
The Q at Maitland is located at 430 E. Packwood Ave., roughly 10 miles from downtown Orlando. The community is near Route 17 and Interstate 4, which provide easy access to the rest of the metro. Green spaces, retail centers and dining options can be found in the property’s proximity.
Senior Managing Directors Melissa Quinn and Lee Weaver, along with Vice President Rob Rothaug, headed the JLL Capital Markets Debt Advisory team. Another JLL Capital Markets team has recently arranged a $59.8 million loan for a community in Overland Park, Kan.
