August 9, 2019 – JLL announces that it has arranged financing for Overlook Pointe, a 249-unit, Class A apartment community in Pompano Beach, Florida.
JLL worked on behalf of the borrower, Bell Partners, to secure the acquisition loan through PNC Real Estate.
Overlook Pointe comprises one six-story residential building and a six-story attached 364-space parking deck. The property offers a pool, various grilling stations with social lounge, a playground, bike storage, valet dry clean service and a dog park. Additional amenities include a top-of-the-line clubhouse that boasts a media center with HDTV’s, a Game-On lounge with billiards, high-tech fitness center with aerobics studio, Wi-Fi café and complimentary coffee bar. Overlook Pointe is located at 4611 N. Federal Highway within one of Broward County’s most affluent submarkets. The property has convenient access to Interstate 95 and is less than five miles from Boca Raton and 13 miles from downtown Fort Lauderdale. Additionally, the property offers immediate proximity to major employers, an abundance of retail shopping, including Whole Foods, Trader Joe’s and Fresh Market grocery stores, and a multitude of restaurants and entertainment options.
The JLL Capital Markets team representing the borrower included Senior Managing Director Travis Anderson, Managing Directors Roger Edwards and Elliott Throne and Senior Director Cory Fowler.