Florida & Gulf Coast

Embrey obtained $76.2 million in construction take-out financing for Citron at The Packing District, a 354-unit, Class A multifamily community in Orlando, Florida.  Newmark engaged the bridge-lending market, debt funds, balance-sheet lenders, and CLO-driven capital sources to secure the financing. Newmark’s Matthew Williams and Rob Wright secured the financing on behalf of EMBREY, with support …

Newmark arranged the sale of and $45 million in financing for Ascend Waterleigh Village, a newly constructed, 280-unit Class A multifamily community in Winter Garden, Florida, within the Orlando metropolitan area.  Newmark’s Scott Ramey, Brad Downing, Paul Grant and Grant Bretzlaff represented seller D.R. Horton. Matthew Williams, Brian Kochan and Rob Wright secured the financing …

JLL’s Capital Markets group arranged $463 million in bridge financing for Thompson Thrift’s eight-property multifamily portfolio. Six of the 8 properties are in Florida. JLL secured the floating-rate construction take-out loan through Barings, with Daniel Hedgepeth leading the financing. The proceeds retired existing construction loans across all eight properties, which were delivered on a phased basis …

Kolter Urban submitted a site plan application in St. Petersburg that outlines two 44-story condominium towers to be built where the Hilton St. Petersburg Bayfront (shown) stands today. The $325 million redevelopment of the hotel property at 333 1st Street South calls for 325 condo units, 17,988 square feet of commercial space, and a 519-space …

Front Range Partners inked a $75 million loan to refinance EVO St. Petersburg, a high-rise apartment complex in downtown St. Petersburg. Walker & Dunlop Capital Markets Institutional Advisory, led by Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Michael Stepniewski, Michael Ianno and Cody Ela, arranged the fixed-rate financing provided by Freddie Mac on behalf of FrontRange Capital Partners. Delivered in 2023, …

JLL Capital Markets arranged $100 million in bridge financing for Waypoint Residential’s two-property portfolio in Florida, enabling the company to recapitalize recently completed construction projects. JLL worked on behalf of the borrower, Waypoint Residential, to secure floating-rate construction take-out financing with TPG Real Estate Credit. The portfolio consists of The Pointe at Davis Creek, a 288-unit …

BWE secured a $101 million bridge loan with HPS, a part of BlackRock, to refinance RISE at Glen Kernan Park, a newly delivered 308-unit luxury active adult (55+) community in Jacksonville, Florida. BWE’s Andy Effler headed up a team made up of Sam Miller, Conor Lee, Paul Smith, Chad Kiner and AJ Mangan. The non-recourse, floating-rate …

Terra secured a $183.75 million loan from Monroe Capital to refinance The Offices at THE WELL Bay Harbor Islands, a recently completed Class A office component of Terra’s mixed-use development in Bay Harbor Islands. Walker & Dunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, and Jordan …

Aimco is moving ahead with FIVESIXTY Waterfront Residences + Club, a luxury waterfront residential property located in Miami’s Edgewater neighborhood. Rents range from $15,000 to over $25,000. The tower will include a total of 114 residences. FIVESIXTY’s three- and four-bedroom residences will range from approximately 2,300 to 3,000 square feet. Initial occupancy is slated for the …