News Summary
JLL Capital Markets has secured a €26 million construction loan for Magnolia at Powell, a 132-unit residential community in Wildwood, Florida. The loan, structured over three years, will support the community’s transition to full leasing. With amenities like a resort-style pool and fitness center, Magnolia at Powell caters to diverse residents with one, two, and three-bedroom options. Currently, it is 40 percent occupied, and rental rates start at $1,350 for a one-bedroom unit. The financial backing positions the community for growth and sustainability.
JLL Capital Markets Facilitates $26 Million Loan for Magnolia at Powell in Wildwood, Florida
JLL Capital Markets has secured a significant construction take-out bridge loan amounting to $26 million for the Magnolia at Powell residential community located in Wildwood, Florida. This newly built property includes 132 rental units designed specifically for residents seeking a build-to-rent lifestyle.
The Magnolia at Powell community is situated approximately 50 miles away from Orlando, in an area that is quickly growing in popularity among those looking for modern living options outside the busy city environment. This loan will play a crucial role in supporting the financial stability and operational success of the community as it works towards becoming fully leased.
Loan Details and Team Involvement
This loan features a three-year, floating-rate structure and was organized by JLL’s skilled Debt Advisory team. Notable team members involved in this transaction include Max La Cava, Melissa Quinn, Bob Rothaug, and Jade Starkey. JLL Capital Markets arranged the funding through a domestic investment management firm partnered with international mezzanine debt providers.
Since its completion in January 2025, Magnolia at Powell is currently achieving a 40 percent occupancy rate. The community aims to address the diverse housing needs of its residents by providing a mix of one-, two-, and three-bedroom townhomes. With an average size of approximately 1,162 square feet, these residences are tailored to suit a variety of lifestyles.
Amenities and Rental Rates
Magnolia at Powell offers a wealth of amenities, enhancing the living experience for its residents. Key features include a resort-style swimming pool, a well-equipped fitness center, a pickleball court, and a dog park for pet owners. These facilities underscore the community’s commitment to promoting an active and enjoyable lifestyle.
For potential renters, the cost of living in Magnolia at Powell is competitive, with monthly rental rates for one-bedroom townhomes beginning at $1,350, as reported by Apartments.com. This pricing aligns with the growing demand for quality rental homes in the Wildwood area.
Impact of the Financial Backing
The successful arrangement of this $26 million loan stands to benefit Magnolia at Powell significantly. As the community continues to increase its occupancy rate, access to this funding will prove instrumental in covering operational costs and ensuring the seamless progression towards full leasing.
As a global entity, JLL Capital Markets is a recognized leader in capital solutions for real estate investors and occupiers, boasting a team of over 3,000 specialists across the globe. Its expertise in the field aids developments like Magnolia at Powell by facilitating necessary funding, ensuring the community’s future growth and success.
With its attractive amenities, strategic location, and diverse housing options, Magnolia at Powell is poised to become a popular choice for renters seeking a blend of convenience and quality in their living environment. The support from JLL Capital Markets underscores the positive outlook for the project in the rapidly evolving Florida real estate market.
Deeper Dive: News & Info About This Topic
Additional Resources
- Rebusiness Online: JLL Capital Markets Secures $26 Million Loan for Magnolia at Powell
- JLL Newsroom: New Construction Sale of Luxury Multifamily Complex, Florida
- US News: The Fastest Growing Places in the US
- WESH: Immigration Arrests in The Villages
- Google Search: Real Estate Communities in Florida
Author: Construction NY News
NEW YORK STAFF WRITER The NEW YORK STAFF WRITER represents the experienced team at constructionnynews.com, your go-to source for actionable local news and information in New York and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the New York Build Expo, infrastructure breakthroughs, and cutting-edge construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of New York State and the Building Trades Employers' Association, plus leading businesses in construction and real estate that power the local economy such as Turner Construction Company and CMiC Global. As part of the broader network, including constructioncanews.com, constructiontxnews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
