WEST COLUMBIA, S.C., AND NASHVILLE, TENN. — JLL has arranged approximately $33.9 million in Freddie Mac refinancing loans for two properties owned by PAM Associates. JLL Capital Market’s Debt Advisory Team arranged a $19.8 million loan for Granby Oaks in West Columbia and a $14 million loan for The Vale in Nashville.
Granby Oaks is a 148-unit, garden-style community that was built in 1973. It features one-, two- and three-bedroom units. Since acquiring the asset in 2022, PAM Associates has invested approximately $2.1 million in capital improvements, upgrading all of the unit interiors.
The Vale, located at 570 McMurray Drive in Nashville, consists of 158 one- and two-bedroom units across 11 garden-style buildings. Built in 1967, the property has undergone renovations with $3.5 million in capital improvements since 2019.
PAM Associates LLC is a New Jersey-based, family-owned real estate investment company with a focus on multifamily properties in established and emerging markets.