JLL Secures $77M Construction Loan For Atlantica At Daytona Apartment Community

Atlantica at Daytona, a 341-unit apartment community, has secured $77 million in construction financing. Developed by Sovereign Properties and Invest Capital Group, the project is located at 1799 North Williamson Boulevard in Daytona Beach. The development will feature a range of one to three-bedroom units and will offer amenities such as a resort-style pool and fitness center.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $77,000,000
• Lender: Broadshore Capital Partners
• Landlord: Sovereign Properties & Invest Capital Group
• Brokers: Gregory Nalbandian, Jesse Wright & Joshua Odessky - JLL
• Loan Type: Construction Loan
• Loan Terms: three-year loan with a 75 percent loan-to-cost ratio

JLL, represented by Gregory Nalbandian, Jesse Wright, and Joshua Odessky, played a key role in securing the $77 million construction loan for Atlantica at Daytona. This financing will provide the necessary resources to complete the development and bring the apartment community to life in the Daytona Beach market.