Polk County apartments get $69 million refinancing

The apartment community in Davenport was completed in 2022 and a second phase with more than 300 units is set to be complete later this year.

  • By Louis Llovio
  • | 3:25 p.m. August 14, 2024
  • | 0 Free Articles Remaining!
The owners of Atlantica at Town Center have refinanced the Polk County property.
The owners of Atlantica at Town Center have refinanced the Polk County property.
Courtesy image
  • Tampa Bay-Lakeland
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The owners of a 360-unit apartment community in Polk County have refinanced the nearly two-year old property for $69.57 million.

Sovereign Properties and Invest Capital Group obtained the financing through commercial real estate lender Timberlake Capital. JLL Capital Markets secured the bridge loan and announced the news.

The community, Atlantica at Town Center, is at 1121 Loblolly Lane off of Interstate 4 between Lakeland and Orlando in the eastern end of the county.

 

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