CFB Homes, Montalva Quindos JV secures $21m financing for BTR forward-purchase in Orlando

A joint venture between CFB Homes and Montalva Quindos announced that it secured a credit facility for Alexander Park, a newly built, 95-unit, build-to-rent townhome community in Kissimmee, Fla.

JLL worked on behalf of the borrower to secure the acquisition financing from a regional bank.

Alexander Park is located on approximately 13.6 acres at 2626 Ham Brown Road in Kissimmee, Fla. The average unit size is 1,937 square feet, with configurations that include three to four bedrooms, 2.5 bathrooms and two-car attached garages. The community’s amenity package includes a pool and cabana.

Alexander Park has direct access to U.S. Route 17, a regional thoroughfare of the Orlando MSA and a direct artery of downtown Kissimmee. The community is within a 35-minute drive to Orlando International Airport and a 22-minute drive to Interstate 4, providing direct connectivity to Tampa, Lakeland and Daytona Beach.