Equity bank issued a $47 million construction loan in 2023.
Halstatt Real Estate Partners and Soltura Development Group have opened the first phase of Swell by Soltura, a 200-unit build-to-rent property in Bonita Springs, Fla. The remaining cottages will come online in subsequent stages.
The duo secured a $47 million construction loan from Equity Bank in 2023 and broke ground last year, Yardi Matrix data shows. Avenue5 Residential provides BTR property management services, according to the same source.
Floorplans call for one- to three-bedroom layouts ranging from 747 to 1,626 square feet. The two-story cottages will feature private first-floor entrances, as well as fenced backyards averaging 530 square feet. Common-area amenities will include a swimming pool, dog park, gym and work area…