$114 Million bridge financing secured for two-property build-to-rent portfolio in Florida
United States, June 16 -- JLL Capital Markets announced that it has secured a $70 million refinancing for EDEN at Heritage Lakes in West Melbourne (Space Coast MSA) and a $44 million refinancing for EDEN at Kendall West in Jacksonville, Florida.JLL worked on behalf of the borrower, a joint venture between EDEN Living and their institutional partner, to arrange the debt, which represents the largest build-to-rent financing in the history of Florida.EDEN Heritage Lakes, located at 4850 Heritage Lakes Blvd. in West Melbourne, is a 373-unit BTR community completed in 2024. The property offers a mix of one-, two- and three-bedroom units averaging 976 square feet. Situated in Florida's booming Space Coast MSA, the community provides easy access t...
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