JDL Development and Wanxiang America Real Estate Group announced that they secured $160 million in construction financing for Caretta, a 95-unit luxury, boutique condominium development located in Juno Beach, Fla.
JLL worked on behalf of the borrower to secure the loan through Bsafal Inc.
With an anticipated completion of 2025, Caretta will offer 95 expansive two-, three- and four-bedroom units, averaging 3,137 square feet. Caretta will feature 10-foot ceilings, European oak wood floors, quartzite countertops and large terraces. Select ground-floor units will offer private lawns and pools. Additionally, eastern-facing, upper-floor units will have ocean views, given the low-rise nature of the properties to the east.
Community amenities will include a rooftop deck with an infinity edge pool, a fitness center, a sauna, a catering kitchen, a card room, a wine storage room and lounges, in addition to a dog park, bike storage, a 24/7 concierge, dedicated beach service
