At a glance
- 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.
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.
Reported by the Real estate debt desk from Connect CRE. Published . Corrections