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.
The post Waypoint Inks $100M Bridge Loan for Two Florida Rental Assets appeared first on Connect CRE.
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