DAYTONA BEACH, FLA. — A joint venture between Sovereign Properties and Invest Capital Group has secured $77 million in construction financing to develop Atlantica at Daytona, a garden-style community in Daytona Beach. Gregory Nalbandian, Jesse Wright and Joshua Odessky of JLL Capital Markets arranged the three-year, 75 percent loan to cost, construction loan through Broadshore Capital Partners. Atlantica at Daytona will offer 341 one-, two- and three-bedroom units, and is slated for completion in October 2024. Amenities will include a pool, BBQ grill station, outdoor summer kitchen, dog park, co-working space, game room and fitness center.
JLL Capital Markets arranged construction financing for the development of Atlantica at Daytona. Sovereign Properties and Invest Capital Group are constructing the project in Daytona, Fla.