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Jones Lang LaSalle Incorporated : JLL Capital Markets secures $43M bridge financing for build-to-rent community in Orlando, Florida -April 11, 2024 at 01:01 pm EDT

Jones Lang LaSalle Incorporated : JLL Capital Markets secures $43M bridge financing for build-to-rent community in Orlando, Florida -April 11, 2024 at 01:01 pm EDT
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JLL Capital Markets Arranges $10.6 Million | MultifamilyBiz.com

SAN DIEGO, CA - JLL Capital Markets announced today that it has arranged the $10.6 million refinancing of Azul Luxury Residences, a 49-unit multi-housing community located in Stuart, Florida.
JLL worked on behalf of the borrower, Diversyfund, to secure a $9 million senior mortgage loan and a $1.6 million mezzanine loan through SteepRock Capital.
Built in 2019, the three-story Azul Luxury Residences features one-, two- and three- bedroom spacious units with 10-foot ceilings, balconies, walk-in. ....

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EDEN Living Begins Construction on 214-Unit | MultifamilyBiz.com

MIAMI, FL - EDEN Living started construction on its EDEN at Tradition project in Port St. Lucie’s expanding Tradition community. The development with 214 townhome-style units will bring much-needed new build-to-rent product to the growing area.
The EDEN at Tradition groundbreaking comes on the heels of EDEN Living obtaining a $55 million construction loan for the project. The lender was not disclosed.
EDEN at Tradition will include a mix of two and three-bedroom townhomes, all with. ....

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EDEN Living Lands $55M Construction Loan for Florida BTR Community

JLL arranged the financing for the 214-unit community in Port St. Lucie, Fla., that will feature built-to-rent townhomes. ....

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