June 7, 2024

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    Deal of the Week: Build-to-rent multifamily development in Summerfield, Florida

    Summer Pointe Village is a 252-unit, 64-building, build-to-rent community that will be situated on approximately 110 acres adjacent to a retirement community, The Villages. Nuveen Green Capital partnered with Huntington National Bank to provide a combined $40.5M for the new multifamily development project. By using C-PACE, the sponsor, Ezra Stark of Stark Enterprises, was able to complete the debt stack, while reducing the senior lender’s exposure. More