Atlantica at Town Center– Phase I, a Class A,
360-unit apartment community in Davenport, FL
MIAMI, FL – JLL Capital Markets has secured a $69.57 million refinancing for Atlantica at Town Center – Phase I, a Class A, 360-unit apartment community in Davenport, Florida.
JLL worked on behalf of the borrower, Sovereign Properties and Invest Capital Group, to secure the two-year, floating-rate bridge loan through Timbercreek Capital.
Gregory Nalbandian
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.
Additionally, this garden-style community offers residents numerous sought-after 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.
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| Kenny Cutler |
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 Park, Orlando International Airport and Downtown Orlando.
Furthermore, the property is less than 15 miles away from Walt Disney World and Universal Studios as well as major employers such as Advent Health, Orlando Health, Amazon, FedEx, Darden, Wyndham and Walmart.
Josh Odessky
The JLL Debt Advisory team was led by Senior Managing Director Gregory Nalbandian, Director Kenny Cutler and Director Josh Odessky.
“Timbercreek Capital did an exceptional job meeting all of the client’s objectives and understanding this property’s competitive position within the Orlando MSA which is currently experiencing a number of new projects coming online,” stated Nalbandian.
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