JLL secures $40.2 Million construction financing for Ceiba Groupe's Royal Palms Main Street project
United States, Aug. 5 -- JLL Capital Markets announced that it has arranged $40.2 million in construction financing for Royal Palms Main Street, a 227-unit conventional multifamily and build-to-rent (BTR) community in Jacksonville, Florida.JLL represented the borrower, an affiliate of Ceiba Groupe, led by Adam Bedzow and Jeremy Bedzow, to secure the loan through Crestline Investors.Scheduled for completion in the first quarter of 2027, Royal Palms Main Street will feature a unique residential offering that combines 168 elevator-serviced garden-style apartments with 59 townhomes in a secure, highly amentized gated community. The property will offer a mix of one- and two-bedroom apartments alongside three- and four-bedroom townhomes, with all...
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