Beachwold Closes on $176.6M Financing for 1,395-Bed UCF Student Housing Venture

Beachwold Residential obtained a $176.6 million construction loan to finance the development of Place at Alafaya Phase I & II. The to-be-built, four-building, four-story, Class A, 484-unit, 1,395-bed student housing property will be located at the University of Central Florida (UCF) in Orlando, Florida. Affinius Capital originated the loan. The financing was arranged by Mona Carlton, Elliott Throne, and Josh Odessky of JLL.

Phase I will offer a 284-unit, 809-bed, two-building, four-story property that will deliver prior to the 2028/2029 academic year. Phase II will consist of a 200-unit, 586-bed property with 534 parking spaces, to be delivered prior to the 2029/2030 academic year. 

A three-story, 16,000-square-foot standalone clubhouse will serve as the heart of the property, featuring a boutique coffee bar, social and study lounges, gaming and theater areas, and a top-floor fitness and wellness center complete with sauna and cold plunge. Onsite amenities will include lagoon-style pools with cabanas, multiple courtyards, pickleball courts, a half-court basketball area, and a direct shuttle service to the UCF campus.

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