News release

$61M in construction financing secured to build Class A apartments in Kissimmee

JLL Capital Markets secured the loan for The Latigo Group, marking its second partnership this year

June 10, 2021

ORLANDO, June 10, 2021 – JLL Capital Markets announced today it secured a senior construction loan and preferred equity totaling $61 million in financing for the Infield Apartments, a multi-housing development located in Kissimmee, Florida, just south of Orlando.

JLL worked on behalf of the borrower, The Latigo Group, to secure the construction financing through an insurance company and a publicly traded REIT. JLL was able to secure the structuring of an optimal senior and preferred equity solution for the development.

This is the second multi-housing development project JLL has capitalized for The Latigo Group this year. Earlier this year, JLL secured construction financing for The Latigo Group to build Lynwind at Championsgate, a luxury multi-housing property also located in the greater Orlando area.

The Class A Infield Apartments development will consist of 384 one-, two- and three-bedroom unit options, ranging from 699 to 1,354 square feet. The property will include resort-style amenities, such as a clubhouse, dry sauna, golf simulator, lakefront pool, state-of-the-art fitness center and yoga studio. The property sits on 25 acres, totals 491,578 square feet and will consist of 654 parking spaces.

Located at 1900 Ball Park Rd., the Infield Apartments will be positioned in one of Orlando’s most sought-after submarkets, with the resident population within a 20-minute drive of the property expecting to grow 3% every year for the next five years. Additionally, the property has direct access via SR 417, the Turnpike, U.S. 192 and W. Osceola Parkway to Orlando’s various retail, dining and entertainment amenities, such as Walt Disney World and Universal Studios. In addition, the property is proximate to nearby major employers and a projected pipeline of over 16,600 new jobs coming to the area within the next several years, including its booming healthcare and engineering scenes.

The JLL Capital Markets team representing the borrower was led by Director Bercut Smith, Senior Director Tarik Bateh and Senior Managing Director Charles Halladay.

Smith said, “The Infield Apartments will be an excellent addition to the Latigo Groups growing footprint in Florida. There isn’t a property in the Kissimmee submarket that will be able to compete with Infield’s amenities, and we expect that to lead to an accelerated lease-up.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge deliver best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement, or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 91,000 as of March 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

The Latigo Group 

Founded in 2017, The Latigo Group is a privately-owned Los Angeles-based real estate investment and development firm which specializes in the ownership and development of conventional multifamily, mixed use and student housing properties throughout the United States, with a primary focus on Florida and California. Including Lynwind, TLG currently has over 1000 units under construction with another 1000 units slated to begin construction in 2021. TLG also acquires stabilized multifamily properties suitable for value-add strategies, where the underlying properties feature below market rents in strong markets where modest renovations can translate into significant rental increases. TLG pursues assets and developments in established communities with proven long-term demand drivers. Their investment strategy is to acquire, entitle, and build dynamic developments that enrich the landscape of existing communities, while utilizing modern and transformative designs that incorporate green building practices and feature sustainable materials.