Apr 17, 2026
Terian Development lands $92.5M loan for 336-unit Orlando apartment project
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- Terian Development secures $92.5M construction loan from PCCP
- Project will deliver 336 units in Orlando’s Mills 50 neighborhood
- Completion targeted for Q2 2028 with mixed unit types
What Terian Development is building in Orlando
Terian Development has secured financing to move forward with Emi on 50, a 336-unit multifamily project in Orlando’s Mills 50 district. The development will rise nine stories and add new rental supply in a centrally located neighborhood that continues to attract both residents and investors.
What the financing signals for the deal
PCCP LLC provided a $92.5 million construction loan, signaling lender confidence in Orlando’s multifamily fundamentals. Large construction loans like this highlight continued capital availability for well-located projects, even as financing conditions remain selective across markets.
What the unit mix and design mean for renters
The project will include a mix of studio to three-bedroom units, along with 20 live-work units and 15 townhomes, offering flexibility for a wide range of tenants. Average unit sizes of nearly 900 square feet suggest a balance between density and livability, targeting both young professionals and families.
How amenities support lease up
Amenities include a rooftop deck with a pool and pickleball court, along with a fitness center, café, and lounge spaces. These features reflect the growing importance of lifestyle-driven amenities in attracting tenants and maintaining competitive positioning in the multifamily market.
What this means for Orlando investors
This project reinforces Orlando’s status as a high-growth rental market attracting both developers and institutional lenders. For investors, continued financing activity and new supply point to long-term confidence in demand, particularly in urban infill neighborhoods like Mills 50. As construction moves forward toward a 2028 delivery, the project adds to a growing pipeline shaping Orlando’s multifamily landscape.