Non-recourse refinancing secured for 130-unit build-to-rent community minutes from The Villages in Florida

MIAMI, Sept. 15, 2026 –  JLL Capital Markets announced today that it has secured a refinancing for EDEN Magnolia Village, a newly completed, 130-unit build-to-rent community in Wildwood, Florida.

JLL represented the borrowers, EDEN Living and their institutional partner, in arranging the three-year, floating-rate non-recourse loan.

Completed in March 2025, EDEN Magnolia Village offers a distinctive housing solution that bridges the gap between traditional multifamily apartments and single-family homeownership. The property sits adjacent to The Villages, the nation's largest and fastest-growing active adult community with more than 150,000 residents, which has experienced 61.9 percent population growth since 2010. The development is strategically positioned near Eastport, The Villages' newest 250-acre town center, and Middleton, a multigenerational community featuring dozens of shops, restaurants and the Villages Charter High School.

The property has demonstrated strong leasing performance, reaching approximately 84 percent occupancy by March 2026. Average monthly rents of $1,704 run roughly 57 percent below comparable homeownership costs in the area, providing an affordable alternative for families and individuals priced out of the for-sale market.

Each home features private entrances, no shared walls, fully fenced backyards and open floor plans with luxury vinyl plank flooring. Gourmet kitchens showcase oversized quartz islands, stainless steel appliances and designer pendant lighting. Community amenities include a modern clubhouse with coworking spaces, a 24-hour fitness center, resort-style pool and spa, bark park and on-site professional management.

JLL Capital Market’s Debt Advisory team was led by Managing Director Max La Cava and Senior Managing Director Melissa Quinn.

"We continue to see substantial liquidity in the bridge lending market right now, with lenders aggressively competing to refinance recently completed build-to-rent and multifamily communities," said La Cava. "These bridge loans lower borrowing costs and eliminate personal guarantees that were required during construction. Plus, they offer maximum prepayment flexibility, giving developers a clear path to position their assets for an eventual sale or permanent financing solution."

“EDEN Living remains committed to the BTR development space, with high conviction in its positive long-term fundamentals. We are very pleased with the result of this execution as it reduces our cost of capital and provides us ample time to execute our business plan,” added Marc Chasin, EVP at EDEN Living.

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.

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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.

EDEN Living is a partnership between EDEN Multifamily principals Jay Jacobson and Jay Massirman and America’s Capital Partners (ACP) Principal Sergio Socolsky. The partnership was formed to develop for rent, single-story detached horizontal apartment homes and two-story townhomes around the State of Florida and the Southeast, with future plans to expand the platform nationally. For more information on EDEN Living, visit http://www.edenliving.com.