August 30, 2019
JLL secured a $24-million loan to refinance Agora at Port Richey, a 288-unit, garden-style apartment community in Port Richey.
The apartment property consists of 24, two-story buildings totaling 264,168 square feet. Floorplans include one-, two- and three-bedroom layouts. Amenities include a swimming pool with cabanas, fitness center, dog park, playground, clubhouse, business center, internet café and coffee bar.
Elliott Throne and Jesse Wright of JLL secured the 10-year, fixed-rate loan on behalf of Agora Capital Partners through lender Goldman Sachs. Terms of the loan included interest-only payments for the full term. The financing replaces acquisition financing the same deal team secured on the borrower’s behalf in 2017.
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