Seminole Financial Services Provides $21.34 Million in Mezzanine Financing for Cottages of Daytona – Daytona Beach, FL

Belleair Bluffs, FL (November 23, 2020)

Seminole Financial Services announced today the closing of a $21.3 million mezzanine loan to fund the construction of the Cottages of Daytona (“The Cottages”).  When complete, The Cottages will be a 283-unit multifamily development that incorporates a “new urbanism” -style neighborhood. Sitting on approximately 30 acres of land conveniently located near the intersection of Interstate-95 and LPGA Blvd. in Daytona Beach, Florida, the community will feature a mix of lofts, single-story and two-story cottages, each with its own private yard. In addition to luxurious in-unit amenities, The Cottages will also feature a centralized clubhouse and resort-style pool.