{"id":444512,"date":"2026-11-01T20:20:47","date_gmt":"2026-11-01T20:20:47","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/444512\/"},"modified":"2026-11-01T20:20:47","modified_gmt":"2026-11-01T20:20:47","slug":"20m-construction-loan-secured-for-fort-lauderdale-self-storage-development","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/444512\/","title":{"rendered":"$20M construction loan secured for Fort Lauderdale self-storage development"},"content":{"rendered":"

MIAMI, Oct. 13, 2026 \u2013 JLL<\/a> Capital Markets announced today that it has arranged a $20 million construction loan for Tarpon River Self Storage, a 97,862-square-foot, Class A self-storage development in Fort Lauderdale, Florida.<\/p>\n

JLL represented the borrower, Urban Street Development, to secure the construction loan through Pinnacle Financial Partners and Synovus, represented by Will Ruiz. Urban Street Development acquired the land in December 2022.<\/p>\n

Tarpon River Self Storage will comprise 1,070 units in a five-story, Class A facility. All units will be 100% climate-controlled, a premium feature in South Florida’s humid climate.<\/p>\n

The property is located at 201 S.W. 14th St. in Fort Lauderdale’s Tarpon River neighborhood. The 1.82-acre site sits approximately 1.8 miles from downtown Fort Lauderdale and 1.5 miles from Rio Vista, one of the city’s wealthiest neighborhoods with home prices exceeding $5 million. It is also two blocks from Davie Blvd., which carries approximately 32,000 vehicles per day.<\/p>\n

The property serves a population of more than 127,000 within three miles. Fort Lauderdale’s self-storage market has maintained occupancies above 90%, with annual rental growth of approximately 5% to 7%.<\/p>\n

The JLL Capital Markets Debt Advisory team was led by Senior Director Michael DiCosimo, Director Max Lescano and Analyst Luke Maganas.<\/p>\n

\u201cTarpon River Self Storage builds on Urban Street Development’s strong track record for shaping the Fort Lauderdale with best-in-class developments,\u201d said DiCosimo. \u201cThe infill Fort Lauderdale location and Urban Street reputation demanded strong loan terms in a competitive process. This property will be a great success.\u201d<\/p>\n

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group\u2019s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.<\/p>\n

For more news, videos and research resources, please visit JLL\u2019s\u202fnewsroom<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"MIAMI, Oct. 13, 2026 \u2013 JLL Capital Markets announced today that it has arranged a $20 million construction…\n","protected":false},"author":2,"featured_media":444513,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[8082,46875,11563,173170,160250,28,249,251,250,735,173171,123,541,173169,173172,15995],"class_list":["post-444512","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-lauderdale","tag-awareness","tag-capital-markets","tag-debt","tag-debt-advisory","tag-expertise","tag-florida","tag-fort-lauderdale","tag-fort-lauderdale-headlines","tag-fort-lauderdale-news","tag-investor","tag-lender","tag-miami","tag-news-release","tag-self-storage","tag-state-or-province","tag-transactions"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/444512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=444512"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/444512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/444513"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=444512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=444512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=444512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}