Luxury home giant Toll Brothers gets $50M loan for new apartments here

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Toll Brothers Inc., a real estate firm most known for being one of the nation’s premiere luxury homebuilders, is bringing its growing student apartments concept to east Orlando.

▶ WATCH CHANNEL 9 EYEWITNESS NEWS

A joint venture between Toll Brothers Campus Living, the Pennsylvania-based firm’s student housing rental division, and Boston-based real estate firm The Davis Cos. announced Nov. 7 that it got a $50 million construction loan from TD Bank to build Aperture — a 204-unit, 680-bed apartment community to rise near the University of Central Florida.

A total project cost was not immediately available. Based on construction industry standards, it could cost upward of $60 million to build.

Read: Woman missing after leaving with estranged husband who’s accused of attempted murder in other case

Click here to read the full story on the Orlando Business Journal’s website.

Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.

This browser does not support the video element.