Luxury home giant Toll Brothers gets $50M loan for new apartments here
Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
Toll Brothers Inc., a real estate firm most known for being one of the nation’s premiere luxury homebuilders, is bringing its growing student apartments concept to east Orlando.
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A joint venture between Toll Brothers Campus Living, the Pennsylvania-based firm’s student housing rental division, and Boston-based real estate firm The Davis Cos. announced Nov. 7 that it got a $50 million construction loan from TD Bank to build Aperture — a 204-unit, 680-bed apartment community to rise near the University of Central Florida.
A total project cost was not immediately available. Based on construction industry standards, it could cost upward of $60 million to build.
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