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WEST MELBOURNE AND JACKSONVILLE, FLA. — JLL Capital Markets has arranged $114 million in bridge loans on behalf of BTR developer EDEN Living to refinance existing construction debt on two properties. The package includes a $70 million loan for the 373-unit EDEN at Heritage Lakes in West Melbourne and a $44 million loan for the 265-unit EDEN at Kendall West in Jacksonville. The direct lender of the construction takeout loans was not disclosed. Both properties were developed in 2024.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Director Max La Cava, Senior Managing Director Melissa Quinn and supported by Vice President Rob Rothaug and Analyst Jade Starkey.