Sovereign Properties and Invest Capital Group announced that they have secured the $77 million construction financing for Atlantica at Daytona, a 341-unit luxury garden-style multi-housing development in Daytona Beach, Fla.
JLL represented the borrower to secure the three-year, 75 percent loan-to-cost construction loan through Broadshore Capital Partners.
With first units set to open in October 2024, Atlantica at Daytona will feature one-, two- and three-bedroom units, averaging 981 square feet. Units will offer modern kitchens, stainless steel appliances, quartz countertops, white Shaker cabinets with matte black finishes, wood-style vinyl plank flooring and expansive screened patios and balconies. Community amenities will include a resort-style pool; a BBQ grill station; a screened lanai with a fireplace, bar and TVs; an outdoor summer kitchen; a dog park; a co-working space; a game room; a high-tech fitness center; and more.
Located at 1799 North Williamson B
