Crestline Investors, Inc. (“Crestline”) is excited to announce the closing of a construction loan to an affiliate of Ceiba Groupe for the development of Royal Palms Main Street, a 227-unit multifamily, build-to-rent community in Jacksonville, Florida.
Abubakar Jalloh, Associate at Crestline Investors, commented that, “this build exemplifies the opportunities Crestline aims to target, where strong fundamentals align with strategic vision. With a fully entitled site, an experienced developer, and a distinct Class A product in a well-located, high growth potential submarket, this deal reflects our conviction in Jacksonville’s trajectory and our commitment to resilient, high quality multifamily developments.”
Read more in the full release: https://www.jll.com/en-us/newsroom/construction-loan-for-royal-palms-main-street-in-florida
About Crestline Investors
Crestline Investors, Inc. is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Tokyo, and Toronto. The firm has approximately $17 billion of credit assets under management (as of March 31, 2025) including its direct lending, opportunistic, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
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