News release

JLL Capital Markets secures $43M bridge financing for build-to-rent community in Orlando, Florida

JLL Capital Markets secured the construction takeout bridge financing for Solamar Apartment Homes, a 210-unit, build-to-rent townhome community located in Kissimmee, Florida

April 11, 2024

Jenna Sharp

Capital Markets PR
+1 214 438 6450

MIAMI, April 11, 2024 – JLL Capital Markets announced today that it has arranged the $43 million construction takeout bridge financing for Solamar Apartment Homes, a 210-unit, build-to-rent townhome community located in Kissimmee, Florida.

JLL worked on behalf of the borrower, TRUSOT Developments, to secure the financing. JLL additionally secured the original $35 million construction loan in 2021.

Completed in 2023, Solamar Apartment Homes delivered in phases and leased at an accelerated above-market pace, demonstrating the outstanding value proposition that well-designed, build-to-rent communities offer tenants seeking a differentiated living experience to traditional apartments.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director Max La Cava, Senior Managing Director Melissa Quinn, Director Kenny Cutler and Associates Josh Odessky and Pier Barinci.

“Bridge lenders are flushed with capital and aggressively pursuing construction loan takeout bridge financings, as evidenced by the multiple financing quotes secured for Solamar,” said La Cava. “Tactical bridge loans offer developers the triple-benefit of reducing cost of capital, generating a non-taxable cash-out and securing flexibility for an eventual permanent capital event.”

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 delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit our newsroom.

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit


TRUSOT Developments is a Real Estate investment firm based in Mexico with offices in Miami. As a subsidiary of Grupo TRUSOT, we focus on developing, acquiring, and operating multifamily, industrial, and residential projects in Mexico, US and Europe. Solamar Apartment Homes is part of the build-to-rent portfolio which has more than 850 units under development.