27-home ultra luxury development in Palm Beach County lands $49M construction loan
United States, Oct. 13 -- JLL Capital Markets announced today that it has arranged $49 million in construction financing for Farrell Estates, a 27-home, ultra-luxury single-family community to-be-built in Wellington, Florida.JLL represented the borrower, Farrell Companies, in securing the loan through Maxim Capital Group.Farrell Estates Wellington will offer 27 bespoke residences within the gated Palm Beach Polo and Country Club community, which offers luxury amenities, including two 18-hole championship golf courses, multiple polo fields and an elegant clubhouse. Recent home sales in the community have exceeded $16 million.Positioned on 23 acres, the two-story homes will span 5,300 to 8,900 square feet and feature oversized garages, privat...
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