ResiBuilt Secures $38 Million in Construction Financing for BTR Community Near Tampa

WESLEY CHAPEL, FLA. — ResiBuilt has received $38 million in construction financing for GroveParc Townhomes, a 190-unit, build-to-rent development located in the Tampa, Florida suburb of Wesley Chapel. Max La Cava, Matthew Putterman and Drew Jennewein of JLL Capital Markets secured the loan through a regional bank. GroveParc Townhomes will offer three- and four-bedroom townhome units with garages and backyards. Amenities include gated access, a clubhouse, pool, fitness center, playground dog park, pickleball courts and a lakeside trail. The project is expected to be completed in January 2025.