Jones Lang LaSalle Inc. has successfully secured a $114 million bridge financing for a two-property build-to-rent portfolio in Florida, marking the largest such financing in the state's history. The transaction includes a $70 million refinancing for EDEN at Heritage Lakes in West Melbourne and a $44 million refinancing for EDEN at Kendall West in Jacksonville. These properties, completed in 2024, offer a range of one-, two-, and three-bedroom units. The financing was arranged by JLL Capital Markets on behalf of a joint venture between EDEN Living and an institutional partner, highlighting JLL's expertise in providing capital solutions for real estate investments.
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