News release

$53M acquisition financing secured for Class A multi-housing community near Tampa

JLL Capital Markets arranged the loan for Circa at FishHawk Ranch in Lithia, FL

October 11, 2021

Cierra Lacasse

Hotels & Hospitality and Capital Markets
+ 1602 648 8701

TAMPA, Oct. 11, 2021 – JLL Capital Markets announced today that it has arranged $53 million in acquisition financing for Circa at FishHawk Ranch, a 260-unit, Class A, garden-style multi-housing community in the Tampa MSA community of Lithia, Florida.

JLL worked on behalf of the borrower, GMF Capital, to secure the three-year, floating-rate loan through Sound Point Capital Management, LP.

Circa at FishHawk Ranch comprises studio, one-, two- and three-bedroom units averaging 1,045 square feet. Units feature gourmet kitchens, air conditioning, dishwashers, fireplaces and electronic thermostats. The community features a fitness center, pool with cabanas, clubhouse, courtyard, pat play area, picnic area, business center, bike storage and conference rooms.

Located at 13930 Spector Road, in the master-planned community of FishHawk Ranch, the property is proximate to an abundance of convenience retail, including the adjacent Alafia Commons, a new Publix Supermarket-anchored shopping center. Circa at FishHawk Ranch offers excellent connectivity near Fishhawk Boulevard, Lithia Pinecrest Road, Highway 301 and Interstate 75 providing access to all demand drivers within the Tampa Bay MSA and the west coast of Florida.

The JLL Capital Markets Debt Advisory team that represented the borrower was led by Senior Managing Director Elliott Throne, Managing Director Brian Gaswirth, Director Jesse Wright and Associate Kenny Cutler.

The GMF Capital acquisitions team was led by Jared Frydman and Alejandro Ramirez.

Sound Point’s Southeast origination team was led by Jordan Heller.

“GMF Capital continues to impress with their ability to identify multi-housing assets within incredibly strong growth markets,” stated Gaswirth. “Sound Point was able to structure a creative debt solution which will give GMF the ability to maximize the property’s return potential.”

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.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About GMF Capital

GMF Capital is a privately held investment firm headquartered in New York, New York. Founded in 2015 by Gary Fegel and Jay Lobell, GMF sources and executes investments across various multifamily, healthcare and credit opportunities. They execute their investment strategy by leveraging the team’s collective decades of institutional experience and diverse expertise. Their multifamily investments consist of more than 80 properties, 35,000+ units and a portfolio value in excess of $4 billion.

About Sound Point Capital Management, LP 

Sound Point is an alternative asset management firm founded in 2008 with particular expertise in credit strategies. Based in New York, with offices in London, the firm manages money on behalf of institutional investors including top-tier pensions, foundations, insurance companies, wealth management firms and family offices. Sound Point's strategies span the spectrum of liquid and illiquid credit alternatives and include funds and managed accounts focused on leveraged loans, special situations, distressed debt, structured credit, direct lending and commercial real estate. Sound Point currently manages approximately $27 billion of assets. Five principals of Stone Point Capital LLC, as well as Dyal Capital Partners, a division of Blue Owl Capital Inc. [NYSE: OWL], are strategic investors in our business. For more information, please visit Sound Point's website at