JLL Capital Markets announced that it has arranged $100 million in bridge financing for Waypoint Residential‘s two-property portfolio in Florida, facilitating the recapitalization of recently completed construction projects.
JLL worked on behalf of the borrower, Waypoint Residential, to secure floating-rate construction take-out financing with TPG Real Estate Credit.
The portfolio consists of The Pointe at Davis Creek, a 288-unit garden-style community located at 12175 Philips Highway in Jacksonville, and The Bradley St. Augustine, a 250-unit garden-style community located at 350 Bay Laurel Drive in St. Augustine…