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Transactions - MARCH 10, 2022

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$35m non-recourse construction financing secured for build-to-rent townhome project near Orlando

by Released

JLL Capital Markets has arranged $35 million in construction financing for the development of Solamar Kissimmee, a 210-unit, build-to-rent townhome community located in Kissimmee, Fla.

JLL worked on behalf of the borrower, Old Vineland Road. Agador Spartacus Development is developing Solamar Kissimmee on behalf of a joint venture between Trusot’s real estate division and T.D.G Enterprise, two multinational real estate investment companies with holdings in Mexico and the United States.

Once completed, Solamar Kissimmee will feature two- and three-bedroom units housed in more than 35 buildings, with six attached one- and two-story housing types offering semi-private backyards. The property will benefit from a robust amenities package, including a resort-style swimming pool, a spacious sun deck with private cabanas, a professional fitness studio with on-demand spinning classes, two dog parks, barbecue pit areas and a class A clubhouse.

Located right off US Highwa

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