News release

Miami apartments refinanced with $50.47M agency loan

JLL Capital Markets led financing efforts for the 285-unit Lincoln Pointe Apartments in Aventura

January 11, 2021

MIAMI, January 11, 2021 – JLL Capital Markets announced today that it has arranged a $50.47 million refinancing for Lincoln Pointe Apartments, a 285-unit multi-housing community in Aventura, Florida.

JLL worked on behalf of the borrower, a partnership between LCOR and Madison International Realty, to secure the floating-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender.

Situated on one Miami’s beautiful intracoastal waterways, Lincoln Pointe Apartments consists of four, three-story residential buildings offering one- and two-bedroom floor plans averaging 904 square feet each. All of the units are pet-friendly and feature screen-enclosed patios with storage, while select units offer in unit washer/dryers, vaulted ceilings and scenic views. Community amenities include a clubhouse with billiards room, fitness center and business center, a resort-style swimming pool and a yacht viewing deck, all within a private gated-community.

Lincoln Pointe Apartments is located at 17900 NE 31st Ct. in Aventura, halfway between Fort Lauderdale and Miami. This location offers quick access to Biscayne Boulevard and I-95, and is within a short commute of major employment hubs, including Aventura Hospital and Medical Center, N.M.B. Commerce Center and FIU Biscayne Bay Campus.

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Elliott Throne and Managing Director Steven Klein.

“After buying a unique waterfront asset and further enhancing the experience offered to residents, the Borrower was rewarded with a great new loan that capitalizes on today’s very attractive terms and provides long term stability for the property”, stated Throne.

“We are thrilled to have the opportunity to work with an exceptional sponsorship team and help them procure an accretive financing solution from Freddie Mac”, added Klein.

JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform. The division employs approximately 400 professionals who provide comprehensive investment sales advisory and disposition services with access to thousands of domestic and foreign investors. JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities. 

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 advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license.

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 $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Madison International Realty

Madison International Realty ( is a leading liquidity provider to real estate investors worldwide. Madison provides equity capital for real estate owners and investors seeking to monetize embedded equity, to replace capital partners seeking an exit and to recapitalize balance sheets. The firm provides equity for recapitalizations, partner buyouts and capital infusions; and acquires joint venture, limited partner and co-investment interests as principals. Madison invests in secondary transactions and focuses on existing properties and portfolios in the U.S., U.K., and Europe. Madison has offices in New York, London, Luxembourg, Amsterdam and Frankfurt, where the firm operates under the name of Madison International Realty GmbH.

About LCOR

LCOR is a fully integrated investment, management, and development company with a more than 40-year track-record of creating unique opportunities and successful execution of large-scale, profitable projects. Their real estate operating platform manages more than 7,700 multi-family units and 8 million square feet of commercial space and controls a substantial development pipeline of mixed-use real estate in their core markets.