Princeton Developer Obtains Financing for Phase III of 374-Unit Rental Community
Aconcagua Group obtained a $35 million construction loan for the third and final phase of development for Casa Princeton, a multifamily residential community located at 12867 SW 248th Street in Prince
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Connect CRE reports that Aconcagua Group has secured a $35 million construction loan from S3 Capital for the final phase of Casa Princeton, a 374-unit rental community in Princeton, Florida. Berkadia arranged the financing, with Charles Foschini and Christopher Apone leading the team. T&G Constructors is serving as general contractor for the development, which is located at 12867 SW 248th Street.
The completion of a 374-unit community adds substantial supply to the local rental market at a moment when landlords and property managers are navigating tighter margins and more selective tenant placement. Each new lease signed carries more weight, and the cost of a misplacement compounds quickly across a portfolio of that scale. renttrust.ai operates directly in this space as a universal renter trust score and rental operating system, offering independent landlords and property managers consolidated screening with verified income and rent history, pass-review-fail indicators, and lease management tools alongside rent reporting that lets renters build credit from payments they already make. The platform is free for renters; landlords pay only when a lease is signed.
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Source: Connect CRE, “Princeton Developer Obtains Financing for Phase III of 374-Unit Rental Community”. Read the original →
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