In an unconventionally short time from engagement to closing, JDI Realty funded $14,500,000 in first-lien bridge debt financing for the recapitalization, site expansion, and initial infrastructure work on a six-parcel assemblage of unimproved land at a key intersection in one of Florida’s fastest-growing cities. The sponsorship programmed the development and secured full entitlement for the site as a mixed-use regional town center. The plan includes a 350,000-square-foot retail/restaurant-anchored shopping center, along with single-family homes, townhomes, condominiums, hospitality, public amenities, and acres of green space. In addition to the site’s municipal entitlement, the sponsorship also secured the necessary utility access and capacity for the development. A contract was signed with a leading big-box retailer, and letters of intent were received for the leasing of approximately 260,000 square feet of additional retail/restaurant space, mostly from nationally recognized tenants. JDI’s loan repayment will be triggered by the anchor sale, residential sales, and the sale of Community Development District bonds.
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