JLL arranges $100M floating-rate bridge for Waypoint's Florida rentals
TPG Real Estate Credit provides the floating-rate construction take-out on two recently completed apartment properties.
At a glance
JLL Capital Markets arranged $100 million in bridge financing for Waypoint Residential's two-property Florida portfolio, Connect CRE reported.
The loan is a floating-rate construction take-out provided by TPG Real Estate Credit, with JLL acting on behalf of the borrower.
Connect CRE identifies one asset as The Pointe at Davis Creek, a 288-unit property.
JLL Capital Markets arranged $100 million in bridge financing for Waypoint Residential's two-property Florida portfolio, Connect CRE reported. The financing will allow Waypoint to recapitalize recently completed construction projects.
The loan is a floating-rate construction take-out provided by TPG Real Estate Credit, with JLL acting on behalf of the borrower.
Connect CRE identifies one asset as The Pointe at Davis Creek, a 288-unit property.
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