JLL Secures $32.7M Loan For Development Site In Wildwood, Florida

JLL has secured $32.7 million in financing for the development of Townhomes at Powell, a 132-unit build-to-rent community in Wildwood, Florida, near The Villages. The property, developed by Agador Spartacus Development, will offer 92 two-story flats and 36 townhomes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $32,700,000
• Market: Wildwood

The development of Townhomes at Powell in Wildwood, Florida, has been financed with a loan of $32.7 million. The build-to-rent community, consisting of 92 two-story flats and 36 townhomes, is being developed by Agador Spartacus Development. JLL, represented by brokers Justin Sosa, Max La Cava, and Shane Ciacci, facilitated the financing for this project.