$5.4M

DLP Capital Provides $5.45 Million Revolver to Corner Lot Development

DLP Capital is pleased to announce that it has funded a $5,450,000 revolving construction facility to support Phase II of Johnson Commons, a 37-unit for-sale townhome community in Downtown Jacksonville’s historic LaVilla neighborhood.

Phase II will deliver a mix of two- and three-bedroom three-story townhomes, expanding an urban infill community within walking distance of transit hubs, employment centers, and future educational facilities.

About Johnson Commons

Situated in the heart of Jacksonville, Johnson Commons will provide residents with convenient access to Jacksonville Transit Authority’s LaVilla Station, the city’s Greyhound bus terminal, and a planned University of Florida satellite campus. The community’s modern townhomes, positioned in a convenient, walkable setting, will complement ongoing revitalization efforts in the urban core.

About Corner Lot Development

Corner Lot Development Group is a leading developer in Northeast Florida and a longstanding DLP partner, with a track record spanning residential, multifamily, commercial, hospitality, and historic preservation projects.

The sponsor has already successfully delivered 54 townhomes in Johnson Commons Phase I. Phase II, to be built in partnership with Breeze Homes, will continue the momentum in this rapidly expanding downtown neighborhood.

Transaction Snapshot

• Loan Amount: $5.45 Million revolving construction loan
• Location: W Adams St. & Johnson St., Jacksonville, FL 32204
• Phase II Delivery: 37 two- and three-bedroom, three-story townhouse units
• Sponsor: Corner Lot Development Group