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4550 Vineland Road

Trinity Community Development Foundation Secures $134.3M Loan For Millenia Moments Orlando Development
FINANCEDDevelopment Site

Trinity Community Development Foundation Secures $134.3M Loan For Millenia Moments Orlando Development

4550 Vineland Road

$134,300,000

Building Size

Asset Type

Development Site

Closing

May 14, 2025

AI

The property asset involved in the transaction is a development site located at 4550 Vineland Road, Orlando. The site comprises 10.5 acres with a building size of 316,900 square feet. It is part of a senior housing project named Millenia Moments Orlando, with a loan amount of $134,300,000 secured for its development.

Summary of transaction details:

JLL and HJ Sims played significant roles in securing the financing for this project, which will feature 261 senior housing units including independent living, assisted living, and memory care units. The facility is set to be operated by Vitality Senior Living and is expected to open in 2027.

Players

Timothy Hosmer

JLL

Broker

$156.5M

vol

2 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Orlando Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93