MONTICELLOAM, a specialized multifamily and seniors housing bridge lending platform, along with a firm affiliate, closed a floating-rate loan of $37,850,000 for an apartment complex located in Virginia. The financing was originated by MONTICELLOAM Managing Director Chris Hetzel and was facilitated by Jamie Leachman, Reina Abboud, and Sydney Powell, based in JLL’s DC office. 
  
“This closing highlights our team’s ability to execute tailored lending solutions in a dynamic market. MONTICELLOAM is proud to support our clients with the speed and certainty they need, and we look forward to continuing to expand our footprint in the multifamily lending sector,” said Mr. Hetzel. 

Bayville Apartments is a 240-unit garden style community located in Virginia Beach. The community amenities include a swimming pool, dog park, playground, 24/7 emergency maintenance, picnic areas and outdoor grills.  

“Our multifamily lending platform is built to give clients the flexibility they need to move projects forward,” said Eric Baum, who leads the MONTICELLOAM Multifamily Bridge Lending team. “This transaction showcased exactly that, and we’re grateful to have partnered with the JLL DC team to make it happen.”