JLL Capital Markets facilitates the largest private residential construction loan in Orlando’s history

MIAMI, July 16, 2026 –  JLL Capital Markets announced today that it has arranged a $176.6 million construction financing for The Place at Alafaya, a 1,395-bed student housing community serving the University of Central Florida in Orlando, Florida.

JLL worked on behalf of the borrower, Beachwold Residential, a premier sponsor and vertically integrated owner, operator and developer with a proven track record in student housing and multifamily development nationwide.Beachwold Residential is led by Gideon Friedman and Amir Hazan.

The Place at Alafaya, located at 11600 MacKay Blvd., sits directly across from UCF's southwest campus boundary along North Alafaya Trail, offering students immediate access to the university via walking, biking or the campus shuttle system. The property also benefits from proximity to Orlando's Brightline station, providing high-speed rail connections to South Florida's major employment centers.

UCF is the second-largest university in the nation by enrollment with over 70,000 students for the 2025 academic year. Total enrollment has grown 15 percent over the last decade. As of July 2026, the market is over 90% preleased for the 2026-2027 academic year.

The Place at Alafaya will deliver 484 units across three four-story residential buildings and a standalone three-story clubhouse spanning more than 16,000 square feet. The development will feature resort-style amenities including a lagoon-style pool, fitness center with cold plunge and sauna, private study rooms, pickleball and basketball courts and a game lounge. Units will include private bedrooms with individual bathrooms, modern finishes and in-unit washers and dryers. The property is designed as a low-density community with extensive outdoor green spaces and courtyards.

Orlando continues to be one of the fastest-growing metro areas in the United States, ranking second nationally in population growth for the second consecutive year. The region's economy has diversified beyond tourism to include thriving healthcare, technology and aerospace sectors.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Directors Mona Carlton and Elliott Throne, Director Joshua Odessky, Associates Michael Romero and JJ Hovenden and Analyst Luke Maganas.

"Securing construction financing for The Place at Alafaya in today's capital environment reflects both the resilience of Orlando's student housing sector, the institutional confidence in UCF's enrollment fundamentals and a highly regarded sponsor that capital wanted to partner with," said Odessky. "With its premier location and best-in-class amenities, this development addresses significant unmet demand and will deliver a differentiated living experience for students at one of the nation's fastest-growing universities."

Beachwold Residential, a privately owned real estate company with more than 16,000 multifamily units nationwide, plans to begin construction in 2026 with completion of the first phase expected in fall 2028. The developer also controls over 900 units in the Orlando market and maintains a development pipeline exceeding $1 billion.

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 113,000 as of March 31, 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.