Orlando Sr. Housing Developer Closes on $134M Bond Financing

Trinity Community Development Foundation (TCDF), owned by Trinity Broadcasting Network, has obtained $134 million in tax-exempt bond financing for Millenia Moments Orlando, a 261-unit seniors housing community to be built in Orlando.

JLL Securities and HJ Sims, in collaboration with JLL Capital Markets’ Seniors Housing team, secured the fixed-rate financing with a final maturity of 40 years on behalf of the developer/sponsor. The financing consisted of senior series 2025A bonds. Greg Fawcett of JLL Securities and Aaron Rulnick, Kerry Lewandowski and Brady Johnson of H.J. Sims led the underwriting team representing the borrower. 

Anticipated for delivery in 2027, Millenia Moments Orlando will feature 151 independent living units, 78 assisted living units and 32 memory care units. Amenities and services will include multiple dining venues, a fitness center and wellness programs, a theatre, and an outdoor pool area. Services will include transportation, housekeeping, concierge and VIP concierge medical programming. The community will operate as a rental model. Vitality Senior Living will operate and manage the community.