LEXINGTON, KY. — JLL Capital Markets has arranged a Fannie Mae loan for the refinancing of Parkside Heights, a 149-unit community situated at 320 Hannah Todd Place in Lexington. The property was constructed on 9.4 acres between 2020 and 2022. Parkside Heights offers one-, two-, and three-bedroom apartments.
Amenities include a fitness center, pool, clubhouse and on-site maintenance. The property also includes 255 parking spaces. Parkside Heights was 98 percent occupied at the time of sale.
JLL worked on behalf of Arcadia Street Capital to originate the seven-year fixed rate, interest only loan. The loan will be serviced by Jones Lang LaSalle Multifamily LLC, a Fannie Mae DUS lender. Kristian Lichtenfels and Nelson Almond led the JLL Capital Markets Debt Advisory team representing the borrower.