HOOVER, ALA. — Westside Capital Group is refinancing Skylar Ridge, a 140-unit property in Hoover, with a $21.8 million loan arranged by JLL. Crestline Investors was the lender. The owner has completed a renovation that updated the clubhouse with a new fitness center. Other improvements include a new pool deck and dog parks. Following the $2.5 million redevelopment, Westside Capital Group has increased rents by 21 percent on leases signed in the third quarter of 2025. The occupancy rate in May 2024 was 60 percent and had risen to 97 percent at the time of the loan closing. The property’s zoning allows for the potential expansion of adding up to 360 additional units in a future development phase. JLL’s team representing the borrower was led by Jesse Wright and Joshua Odessky.
Skylar Ridge, located in the Birmingham, Ala., metro area, has been refinanced with a $21.8 million loan. Westside Capital Group is the owner/borrower.
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