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JLL Secures $61M Construction Loan for Kissimmee Apartment Project
JLL has arranged a $61 million construction loan and preferred equity for the Infield Apartments, a multi-housing development located in Kissimmee.
Located at 1900 Ball Park Rd., the Infield Apartments will consist of 384 one-, two- and three-bedroom units, ranging from 699 to 1,354 square feet. The property will include resort-style amenities, such as a clubhouse, dry sauna, golf simulator, lakefront pool, state-of-the-art fitness center and yoga studio. The property sits on 25 acres and will also include 654 parking spaces.
Bercut Smith, Tarik Bateh and Charles Halladay of JLL represented the borrower, The Latigo Group, in the transaction. The financing was provided through an insurance company and a publicly traded REIT. JLL secured the structuring of an optimal senior and preferred equity solution for the development.
- ◦Development
