Refinancing secured for Maitland multi-housing community
JLL Capital Markets arranged the refinancing for the 129-unit The Q at Maitland
ORLANDO, Feb. 20, 2023 – JLL Capital Markets announced today that it has arranged the refinancing for The Q at Maitland, a 129-unit, garden-style multi-housing community strategically located within the Maitland submarket of Orlando, Florida.
JLL represented the borrower, JT Capital, to secure the Fannie Mae loan.
Built in 1966 and renovated in 2008 and 2022, The Q at Maitland features one-, two-, three- and four-bedroom units with stainless steel appliances, granite countertops, designer cabinetry and in-home washers and dryers. Community amenities include a resort-inspired pool, a resident lounge, 24-hour fitness center and poolside grilling station with cabanas.
The JLL Capital Markets Debt Advisory team was led by Senior Managing Directors Melissa Quinn and Lee Weaver and Vice President Rob Rothaug.
“We are pleased to have refinanced The Q at Maitland, an exceptionally well-located asset in the heart of Orlando’s most sought-after neighborhoods,” said Quinn. “This was a fixed-rate, full-term I/O Fannie Mae execution for our wonderful friends and clients at JT Capital. With the help of a rate buy-down option, we were able to obtain a lower, more favorable interest rate.”
Sapan Talati, Partner with JT Capital, added, “This asset has been a strong performer in our portfolio. Along with being a fantastic property with a diverse tenant base, we are bullish on Florida in general given its status as the fastest-growing state in the nation, and Central Florida in particular given its solid growth prospects.”
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 and sales 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 $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About JT Capital
JT Capital is a Real Estate Private Equity firm that purchases value-add and core-plus multifamily properties in Florida and Texas. With an emphasis on achieving strong returns and tax optimization strategies, JT Capital provides a comprehensive set of services including acquisition and asset management. They provide investors with passive income, equity growth, and tax advantages through their portfolio of assets.