27-home ultra luxury development in Palm Beach County lands $49M construction loan

MIAMI, Oct. 13, 2026 –  JLL Capital Markets announced today that it has arranged $49 million in construction financing for Farrell Estates, a 27-home, ultra-luxury single-family community to-be-built in Wellington, Florida.

JLL represented the borrower, Farrell Companies, in securing the loan through Maxim Capital Group.

Farrell Estates Wellington will offer 27 bespoke residences within the gated Palm Beach Polo and Country Club community, which offers luxury amenities, including two 18-hole championship golf courses, multiple polo fields and an elegant clubhouse. Recent home sales in the community have exceeded $16 million.

Positioned on 23 acres, the two-story homes will span 5,300 to 8,900 square feet and feature oversized garages, private golf cart bays and outdoor entertainment areas. The developer has commenced construction with a final build out anticipated for September 2029.  

Palm Beach County, the 4th wealthiest area in Florida, has experienced remarkable growth, attracting over $39 billion in new wealth and income since 2020. The region's appeal has drawn 140 companies in the past five years, resulting in a $1.12 billion capital investment and the creation of more than 13,000 jobs. Home prices have surged 85% since 2019 and are projected to appreciate an additional 19% by 2029, making Palm Beach County an attractive destination for both businesses and residents. Wellington has become a top destination for migrating wealth offering exceptional quality of life, top-rated schools, and unique lifestyle offerings.

JLL's Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Brian Gaswirth, Managing Director Max La Cava and Director Pier Barinci.

"We saw significant interest from institutional lenders given the sponsor's proven track record and the property's location in one of Palm Beach County's most coveted communities," said La Cava. "Affluent households continue to underpin demand at the top end of the market, and the ongoing migration of wealth to South Florida reinforces the case for well-located, luxury homes built for this buyer. Our team leveraged that momentum to secure highly competitive terms for Farrell Companies."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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 WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

For nearly three decades, the name Farrell has been synonymous with luxury homes constructed with unmatched quality, efficiency, and superior design that are timeless. Today, Farrell has grown into a diversified real estate and building platform offering not only single-family homes but, luxury multi-family rental communities, commercial and industrial properties, storage facilities, and more, all with the proven distinction of the Farrell brand.