Dealmaker: JLL Secures $234M in Construction Financing in Naples, Fla.
(Illustration courtesy of JLL)
JLL Capital Markets, Chicago, arranged $234 million in construction financing for Rosewood Residences Naples, a 42-unit beachfront condominium development in Naples, Fla.
JLL represented the borrowers, The Ronto Group, Naples, and Wheelock Street Capital, Greenwich, Conn. And Boston, to secure the loan from affiliates managed by Apollo.
The property is expected to deliver in the third quarter of 2026 and will include two buildings housing three- and four-bedroom residences averaging 5,175 square feet. Each home will offer floor-to-ceiling windows, gourmet kitchens, two terraces with outdoor kitchens and private elevators.
Located at 1601 Gulf Shore Boulevard, Rosewood Residences Naples offers more than 480 linear feet of beachfront and views of the Gulf of Mexico.
The JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Steven Klein, Managing Director Brian Gaswirth, Associate Paul Adams and Analyst Shane Ciacci.
