Download - MEDIA CONTACT: HALL Group ORLANDO – February 8, 2017 – …€¦ · apartments in Kissimmee, Florida, a suburb of Orlando. The project developer is Florida-based DLC Residential.

MEDIACONTACT:[email protected](214)269-9536or(770)402-2111

FORIMMEDIATERELEASEHALLSTRUCTUREDFINANCECLOSES$37.7MILLIONCONSTRUCTIONLOANFORTHEMILLENNIUMAT

CITRUSRIDGEAPARTMENTSINKISSIMMEE,FLORIDAORLANDO–February8,2017–HALLStructuredFinance(HSF)announcedtodaythatthecompanyhasclosedanewloantotaling$37.7milliontofinancetheconstructionoftheMillenniumatCitrusRidgeapartmentsinKissimmee,Florida,asuburbofOrlando.TheprojectdeveloperisFlorida-basedDLCResidential.“TheMillenniumatCitrusRidgeopportunitywasagreatfitforourcompanygiventhestrengthofsponsorship,attractivelocationjusttwomilesfromWaltDisneyWorldandtheprovenperformanceofhighquality,suburbanapartmentsintheOrlandomarket,”saidMikeJaynes,presidentofHALLStructuredFinance.“Webelievethisprojectwillbeverysuccessfulandlookforwardtoseeingconstructionbegin.”TheMillenniumatCitrusRidgewillconsistof326luxuryrentalapartmentunitsthroughoutninebuildingsrangingfromtwotofourstories.Theunitswillaverageapproximately1,000squarefeetandwillbemodernindesignwithexcellentfinishes.Amenitiesatthepropertywillincludeaclubhouse,resort-stylepool,fitnesscenter,conferencefacilityandsociallounge.ThepropertyislocatedonthesouthsideofU.S.Highway192inKissimmee,Florida,justtwomilesfromtheWaltDisneyWorldResortandThemeParkcomplex,andissurroundedbyawiderangeofretail,diningandentertainmentoptions.“HALLStructuredFinance’sexpertiseinbothrealestatedevelopmentandfinancemadethemtheidealpartnerforthisproject,”saidRussKrivor,PresidentandCEOofDLCResidential.“Theiruniquely-tailored,flexibleapproachtofinanceourdevelopmentmadethisloanclosurepossible,andwe’reexcitedtogetstarted.”HALLStructuredFinancehasnowclosedsixconstructionloansinFlorida,includingtheGaleResidencesinFt.Lauderdale,whichclosedinAugust2016.DLCResidentialhasnowdeveloped10apartmentcommunitiesthroughoutFlorida,Illinois,MississippiandTexas.AboutHALLStructuredFinanceHALLStructuredFinance(HSF)isanentrepreneurial,value-adddirectprivatelendertotherealestateindustry.Wespecializeinprovidingcapitalforgroundupconstruction,adaptivereuse,andmajorasset

repositioningandrenovationsforcommercialrealestateprojectsthroughouttheU.S.TheHALLStructuredFinancelendingprogramisdesignedtoproviderealestateowners,operatorsanddeveloperswithanalternativetobankfinancing,andisorientedtobearesourcetoprojectsthatmaybeunderservedbytheinstitutionalcapitalmarkets.HSFisapartoftheHALLGroupfamilyofcompanies,whichconsistsofadiversifiedsetofcompanieswithcoreexpertiseinrealestate,inclusiveofdevelopment,managementandleasing.Formoreinformation,visithallstructuredfinance.com.AboutDLCResidentialDLCResidentialisafully-integratedmulti-familyprojectdevelopmentcompanywithprojectsacrosstheUnitedStates.Since2004,DLCResidentialhasbeenfocusingontheconcept,development,constructionandprojectmanagementofincomepropertyinthestrongestmarketsacrosstheUnitedStates.Anumberofnewcommunitiesarecurrentlyunderwaytoaddtothebaseofcompletedprojectsandby2016,DLCResidentialwillhavebuiltover4,000apartmentunitsacrosstheirmarketareasincludingafull-rangeofproducttypesfromgardenstyletohighrisemulti-familydevelopments.Byfocusingonintegrity,costcontrolsandcarefulmarketresearch,DLCResidentialcreatestangibleassetsandrealcashflow,resultinginviableinvestmentsandindustry-leadingreturns.Formoreinformationvisitwww.dlcresidential.com.

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