Jones Lang LaSalle Incorporated : ABC Realty refinances Palm Court near Palm Beach, FL

MIAMI, January 4, 2021 - JLL Capital Markets announced today that it has arranged $11 million in refinancing for the Palm Court apartments located in Wellington, Florida, west of Palm Beach.

JLL worked on behalf of the borrower, ABC Realty, a NYC- and Miami-based full service real estate investment firm headed by David R. Topping and Alan E. Fisher, to originate the fixed-rate Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC, a Fannie Mae DUS lender.

Palm Court, which totals 112 units, features newly renovated two-bedroom options and include black or stainless-steel appliance packages and upgraded fixtures; spacious closets; and granite countertops. Residents enjoy community amenities such as a basketball, renovated pool with Tucci umbrellas, tennis court; bark park; playground; putting green for the golf enthusiast; fitness center; picnic area with gazebo seating.

The JLL Capital Markets team representing the borrower was led by Senior Managing Directors Elliott Throne and Evan Pariser.

'The Borrower has spent the last 10 years working to offer a great community to its residents and with this refinance has positioned themselves effectively for the next 10 years' stated Throne.

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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