POOLER, GA. — 360 Communities, an affiliate of Freehold Capital Management and Rockpoint, has secured a $38.7 million construction loan to develop Clear Lake Reserve, a rental townhome community in Pooler, 10 miles west of Savannah. JLL arranged the floating-rate, three-year loan through Western Alliance Bank. The 199-unit community will include three- and four-bedroom floor plans, each with an attached, two-car garage, private driveway and covered porch. Amenities will include a resort-style pool, a fitness center, basketball and pickleball courts, a clubroom, a brick fire pit, a dock overlooking a community pond, a dog park, a putting green, a playground and grilling stations. A construction timeline was not disclosed. Chris Drew, Matthew Putterman and Kenny Cutler led the JLL team.
360 Communities is developing a rental townhome community on a 50-acre site near Savannah, Ga. The developer, an affiliate of Freehold Capital Management and Rockpoint, has secured $38.7 million in construction financing for the project.
Joint Venture Secures $38.7 Million in Construction Financing for Pooler Project
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