JLL Secures $53.3M Acquisition Financing For Pompano Beach Apartment Community

JLL Capital Markets has secured $53.3 million in acquisition financing for Advenir at Lighthouse Point, a 249-unit apartment community in Pompano Beach.

JLL worked on behalf of the borrower, Advenir Azora, to arrange the five-year, fixed-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo Lender.

Advenir at Lighthouse Point is located at 4611 N Federal Hwy in Pompano Beach. The property is within easy commuting distance of employment centers in Downtown Fort Lauderdale, Plantation, Cypress Creek, Coconut Creek and Boca Raton, all of which are home to numerous corporations, including Virgin, Bank of America, Cit, Wells Fargo and more. The immediate area also offers an abundance of retail, dining and entertainment options as well as recreational facilities such as Pompano’s shore and pier.

Originally built in 2015, Advenir at Lighthouse Point is a six-story building with one-, two- and three-bedroom units averaging 887 square feet each. Units feature modern interiors with stainless steel appliances, granite countertops and private balconies. Community amenities include a rooftop lounge with ocean views, a resort-style pool, a 24-hour fitness studio and a parking garage. Advenir at Lighthouse Point is currently 95% occupied.

Matthew Zaverucha, Partner of Investments at Advenir Azora, commented, “We see this as an exciting opportunity to continue to expand our South Florida footprint within the growing Pompano Beach submarket. The area’s strong demographic trends, ongoing coastal redevelopment, and constrained new supply create an ideal environment for high-quality multifamily investment.”

JLL Capital Markets’ Debt Advisory team representing the borrower was led by Managing Director Jesse Wright, Associate JJ Hovenden and Analyst Luke Maganas.