JLL Capital Markets Secures $26 Million Loan for Magnolia at Powell

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 Secures $26 Million Loan for Residential Community in Florida

In a significant development for affordable housing, JLL Capital Markets has successfully arranged a construction take-out bridge loan totaling $26 million for the newly built Magnolia at Powell residential community, located in Wildwood, Florida. This fund will facilitate the community’s operational needs as it moves toward becoming fully leased and financially successful.

Details of the Loan

The loan is structured as a three-year, floating-rate financing option. JLL’s Debt Advisory team, comprising industry experts, including Max La Cava, Melissa Quinn, Bob Rothaug, and Jade Starkey, played a crucial role in securing this financial backing. The borrower for this loan is Agador Spartacus Development, aiming to enhance the appeal and accessibility of housing in the area.

About Magnolia at Powell

Magnolia at Powell features a total of 132 units designed as build-to-rent residences, catering to a diverse range of tenants. Located approximately 50 miles from Orlando, this community is strategically positioned to attract residents seeking both convenience and quality living arrangements.

Occupancy and Amenities

The residential community was completed in January 2025 and is currently experiencing a 40 percent occupancy rate. Magnolia at Powell offers an array of age-inclusive housing solutions, featuring one-, two-, and three-bedroom townhomes. Each unit averages 1,162 square feet in size, making them spacious options for individuals and families alike.

In addition to comfortable living spaces, Magnolia at Powell is equipped with a range of appealing amenities. Residents can enjoy a resort-style swimming pool, a well-appointed fitness center, a pickleball court, and a dedicated dog park. These features are designed to enhance the living experience, providing a community atmosphere and encouraging an active lifestyle.

Rental Rates

For those interested in moving to Magnolia at Powell, the rental prices are positioned competitively within the market. The starting rate for a one-bedroom townhome is set at approximately $1,350 per month, according to information available from rental platforms. This pricing strategy aims to attract a wide range of renters looking for quality and affordability in their living arrangements.

Impact on the Local Market

The funding secured through JLL Capital Markets is expected to significantly contribute to the community’s overall success as it continues to grow and develop. As Magnolia at Powell works toward increasing its occupancy rate, the connection to JLL’s network will likely facilitate further opportunities for expansion and improvement.

About JLL Capital Markets

JLL Capital Markets operates globally, providing essential capital solutions for real estate investors and occupiers. The firm boasts over 3,000 specialists around the world who bring expertise and resources to various real estate projects, ensuring that financing options like this loan are accessible to developers and builders.

The Future of Magnolia at Powell

As Magnolia at Powell moves forward, it is positioned to become a pivotal player in the local rental market, catering to individuals and families seeking quality housing options. The recent loan arrangement not only supports the financial feasibility of the community but also reinforces the ongoing demand for modern, amenity-rich residential environments in growing areas like Wildwood, Florida.

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