Thompson Thrift Inks Bridge Financing on 6 Florida Rental Assets
JLL’s Capital Markets group arranged $463 million in bridge financing for Thompson Thrift’s eight-property multifamily portfolio. 6 of the 8 properties are in Florida.
JLL secured the floating-rate construction take-out loan through Barings, with Daniel Hedgepeth leading the financing. The proceeds retired existing construction loans across all eight properties, which were delivered on a phased basis throughout 2025 and 2026.
The six Florida properties include:
- Standard441 in Orlando (300 units)
- The Quinn in Pensacola (324 units)
- The Stadler in North Port-Sarasota-Bradenton (280 units)
- Verity in Vero Beach (276 units)
- The Junction at Rockledge in Palm Bay-Melbourne-Titusville (380 units)
- The Hadley in North Port-Sarasota-Bradenton (268 units)
Amenities include 24-hour fitness centers, swimming pools, resident social hubs with coffee bars, pickleball courts, dog parks with pet spas, and business centers.
JLL’s Capital Markets Debt Advisory team representing the borrower was led by Danny Kaufman, Medina Spiodic, Mark Gibson and Matthew Lawton.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout