Financings Spur Value-Add Investment for Birmingham Apartments

BIRMINGHAM, Ala., Marc 30, 2017 – (RealEstateRama) — JLL’s Capital Markets experts today announced the firm provided financing for the acquisition of Goodall-Brown Lofts and Fix Play Lofts, two multifamily assets located in Birmingham, Alabama. Highland Real Estate Capital purchased the buildings.

JLL secured an interest rate of 4.68 percent on the 10-year, $4,360,700 loan for Goodall-Brown and an interest rate of 4.68 percent on the 10-year, $2,933,300 loan for Fix Play. Both loans were made through the Fannie Mae DUS® lending program.

Goodall-Brown Lofts is a five-story building that includes 36 units and 5,444 square feet of commercial space currently occupied by The Wine Loft. Following the purchase, Highland Real Estate Capital will make capital improvements including upgrading countertops, installing new appliances and adding a rooftop deck.


Skyline, A Wilbert PR Company

Skyline, a Wilbert PR company, is a public relations and communications firm specializing in commercial real estate. Skyline has significant clients in Charlotte, Nashville, Atlanta, Charleston/Columbia, South Carolina, and Grand Cayman. Skyline has deep expertise in all areas of traditional media relations, social media, and content creation and has previous experience delivering impactful PR programs for professional services firms. Founded by a former real estate journalist, Skyline has unparalleled national and local media relationships.

Previous articleGovernor Awards $37.2 Million to Assist Low-Income Families with Energy Costs
Next articleGovernor Ivey Supports Infrastructure Improvement, Gas Tax Adjustment