JLL Capital Markets arranged $100 million in bridge financing for Waypoint Residential’s two-property portfolio in Florida, enabling the company to recapitalize 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.
Both properties delivered in Q1 2025 and feature amenity packages, including pools with tanning ledges and cabanas, 24-hour fitness centers with yoga/spin studios, pet spas, outdoor gathering areas with fire pits and grilling stations, resident lounges with coffee bars and co-working spaces.
JLL’s Capital Markets Debt Advisory team representing the borrower was led by Matthew Lawton, Travis Anderson, Melissa Quinn, Gregg Shapiro and Dan Kearns, with support from Kelsey Bawcombe, Streeter Simmons and Rob Rothaug.
Landmark Properties has delivered The Mark Philadelphia, a 909-bed student housing community in the University City neighborhood. Rising 34 stories, The Mark is the tallest student housing property in the University City submarket and is Landmark’s second ground-up development in Philadelphia, following The Standard at Philadelphia, which opened in 2023. The property at 3615-35 Chestnut...
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Tamarack, a 23-unit apartment community at 211 N. Delaware Avenue in Wenatchee, Washington, has sold for $3.25 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team represented the seller, Dan Dahl. The 21,400-square-foot garden-style community is located steps from downtown Wenatchee and offers investors a value-add opportunity in a highly...
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Leading financial services provider Merchants Capital announced $97.8 million in financing for the rehabilitation of Stuart Gardens, a 491-unit, two-phased affordable multifamily property in Newport News, Virginia. developed by Vitus Group. Merchants Capital secured $62.8 million in U.S. Department of Housing and Urban Development (HUD) 221(d)(4) permanent financing and $35 million in equity bridge loans...
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