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Wheelock Street Capital JV secures $234m construction financing for Rosewood Residences Naples in Florida
Transactions - AUGUST 27, 2024

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Wheelock Street Capital JV secures $234m construction financing for Rosewood Residences Naples in Florida

by Released

JLL Capital Markets has arranged $234 million construction financing for Rosewood Residences Naples, a 42-unit, ultra-luxury waterfront condominium development situated directly on the beach in Naples, Fla.

JLL represented the borrowers, The Ronto Group and Wheelock Street Capital, to secure the loan from affiliates managed by Apollo.

The property is expected to be completed in the third quarter of 2026 and will showcase two stunning buildings boasting a collection of spacious three- and four-bedroom residences averaging 5,175 square feet, along with lavish penthouses ranging from 5,170 to 9,601 square feet. Each home will offer oversized living areas, floor-to-ceiling windows, gourmet kitchens, luxurious baths, two terraces with outdoor kitchens and private elevators. Residents will indulge in a wealth of indoor and outdoor amenities, including a sun deck with resort-style pool, zero-edge lap pools, multiple spas, game rooms, lounges and gated beach access.

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