Sovereign Properties and Invest Capital Group have secured $69.57 million in refinancing for Atlantica at Town Center – Phase I, a class A, 360-unit apartment community in Davenport, Fla.
JLL worked on behalf of the borrower to secure the two-year, floating-rate bridge loan through Timbercreek Capital.
Completed in December 2022, the property features 14 three- and four-story residential buildings, comprising of one-, two- and three-bedroom units ranging from 683 square feet to 1,435 square feet, which are some of the largest units in the area. In addition, this garden-style community offers residents numerous amenities such as a large resort-style pool, gaming lawn, dog park, pet spa, fitness center, yoga and spin room, demonstration kitchen and coworking space.
Located at 1121 Loblolly Lane, Atlantica at Town Center offers residents effortless access to a diverse array of cultural and entertainment destinations, including regional shopping centers, Posner Pa
