Specialty-use building net-leased to Franklin Academy Pembroke Pines secures $14.4M non-recourse loan

MIAMI, June 11, 2026 –  JLL Capital Markets announced today that it has arranged a $14.4 million financing for Franklin Academy Pembroke Pines, a single-tenant net-leased educational campus in Pembroke Pines, Florida.

JLL worked on behalf of the borrower, Alliance Companies, in securing the five-year, fixed-rate, non-recourse loan through a regional bank.

Franklin Academy Pembroke Pines School, located at 18800 Pines Blvd. in Broward County, is a 79,271-square-foot educational campus serving approximately 1,400 students in grades K-8. Built in 2011, the purpose-built facility features 66 classrooms, administrative offices, a media center and comprehensive student facilities.

Broward County remains a strong market for educational real estate, supported by robust demographics and continued population growth. The Pembroke Pines area, in particular, demonstrates exceptional fundamentals with 49.7% of households within a 15-minute radius holding bachelor's degrees or higher and commanding an average annual income of $151,635.

The property is 100% net-leased to Florida Charter Foundation Inc., a Florida not-for-profit corporation, which operates under the Franklin Academy Foundation Inc., a well-established charter school operator with five locations throughout South Florida.

JLL Capital Markets’ Debt Advisory team representing the borrower was led by Managing Director Max La Cava, Associate Justin Ratcliffe and Analyst Abbie Kushner.

“We ran a competitive debt advisory process that generated 15 term sheets from bank and non-bank lenders, resulting in one of the lowest spreads we've secured on a specialty-use asset,” said La Cava. “Lender appetite was exceptional, driven by the mission-critical nature of the educational campus and the operator's strong track record.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Alliance Companies, led by Robert Cambo, has extensive experience in educational development, having built over 2.2 million square feet of commercial, residential and educational facilities in Florida over the past 25 years. The firm has developed 20 educational facilities totaling over 1.1 million square feet serving more than 15,000 students across seven counties.