TD Bank Provides A $50M Construction Loan For Toll Brothers And The Davis Companies' Student Apartment Development In Orlando

Toll Brothers, Inc. and The Davis Companies are developing an 8.2-acre development site in Orlando, Florida, located at 12727 East Colonial Drive. The site is situated next to the University of Central Florida and will be used to build a 680-bed student apartment community. The project is estimated to cost $50 million.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $50 million
• Address: 12727 East Colonial Drive, Orlando
• Market: Orlando
• Asset Type: Development Site
• Acres: 8.2

The lender for this project is TD Bank, providing a $50 million construction loan to finance the development. John McCullough represents Toll Brothers, Inc. while Jerry Murphy represents The Davis Companies in this transaction.

NOTE: The financing for the student apartment community will be provided by the $50 million construction loan from TD Bank.