JLL Arranges $38M Construction Financing For GroveParc Townhomes In Wesley Chapel

JLL Capital Markets has arranged $38 million in construction financing for GroveParc Townhomes, a 190-unit build-to-rent development located at 6568 Halo Bend Court in Wesley Chapel, Florida. The project is being led by ResiBuilt and is expected to be completed in January 2025. The upscale townhomes will offer a range of amenities and are conveniently located near Downtown Tampa.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $38,000,000
• Units: 190
• Landlord: ResiBuilt

The loan for GroveParc Townhomes was secured through JLL, with Drew Jennewein and Max La Cava as the representatives from JLL Capital Markets. Matthew Putterman also played a role in the transaction as a representative from JLL. This financing will support the construction of the townhome development, adding to the housing options in Wesley Chapel.