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Sign in Sign up for a FREE subscriptionAgador Spartacus secures $32.7m JV LP equity and construction debt for BTR project in Central Florida
Agador Spartacus Development announced that it has secured joint venture LP equity and non-recourse construction financing for the development of Townhomes at Powell, a 132-unit, townhome-style, build-to-rent community in Wildwood, Fla. within The Villages MSA.
JLL worked on behalf of the borrower to secure $32.7 million in LP equity and non-recourse construction financing.
The property will feature 92 two-story flats and 36 townhomes, ranging from one- to three-bedrooms and averaging 1,167 square feet.