JLL Capital Markets Facilitates Largest Private Resi Construction Loan In Orlando’s History

JLL Capital Markets has arranged a $176.6 million construction financing for The Place at Alafaya, a 1,395-bed student housing community serving the University of Central Florida in Orlando.

JLL worked on behalf of the borrower, Beachwold Residential, a premier sponsor and vertically integrated owner, operator and developer with a proven track record in student housing and multifamily development nationwide.Beachwold Residential is led by Gideon Friedman and Amir Hazan.

The Place at Alafaya, located at 11600 MacKay Blvd., sits directly across from UCF’s southwest campus boundary along North Alafaya Trail, offering students immediate access to the university via walking, biking or the campus shuttle system. The property also benefits from proximity to Orlando’s Brightline station, providing high-speed rail connections to South Florida’s major employment centers.

UCF is the second-largest university in the nation by enrollment with over 70,000 students for the 2025 academic year. Total enrollment has grown 15 percent over the last decade. As of July 2026, the market is over 90% preleased for the 2026-2027 academic year.

The Place at Alafaya will deliver 484 units across three four-story residential buildings and a standalone three-story clubhouse spanning more than 16,000 square feet. The development will feature resort-style amenities including a lagoon-style pool, fitness center with cold plunge and sauna, private study rooms, pickleball and basketball courts and a game lounge. Units will include private bedrooms with individual bathrooms, modern finishes and in-unit washers and dryers. The property is designed as a low-density community with extensive outdoor green spaces and courtyards.

Orlando continues to be one of the fastest-growing metro areas in the United States, ranking second nationally in population growth for the second consecutive year. The region’s economy has diversified beyond tourism to include thriving healthcare, technology and aerospace sectors.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Directors Mona Carlton and Elliott Throne, Director Joshua Odessky, Associates Michael Romero and JJ Hovenden and Analyst Luke Maganas.

“Securing construction financing for The Place at Alafaya in today’s capital environment reflects both the resilience of Orlando’s student housing sector, the institutional confidence in UCF’s enrollment fundamentals and a highly regarded sponsor that capital wanted to partner with,” said Odessky. “With its premier location and best-in-class amenities, this development addresses significant unmet demand and will deliver a differentiated living experience for students at one of the nation’s fastest-growing universities.”

Beachwold Residential, a privately owned real estate company with more than 16,000 multifamily units nationwide, plans to begin construction in 2026 with completion of the first phase expected in fall 2028. The developer also controls over 900 units in the Orlando market and maintains a development pipeline exceeding $1 billion.