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JLL Capital Markets announced today that it has secured a $32 million, non-recourse construction loan for Magnolia at Spring Hill, a 162-unit built-to-rent community in Spring Hill, Florida (Tampa MSA).

JLL represented the borrower, Agador Spartacus Development (“AS Development”), in arranging the financing through a partnership between North River Partners and Amzak Capital Partners. Additionally, JLL arranged the joint venture LP equity for the development in December 2023.