Grupo Trusot lands $44 million loan for Solamar Wildwood near Orlando
Mexico-based real estate developer Grupo Trusot has obtained a $44 million bridge loan to support Solamar Wildwood, a newly developed build-to-rent residential community in Central Florida.
According to a statement released by JLL Capital Markets, the financing was issued by an unnamed publicly traded real estate investment trust. A representative for JLL declined to disclose the lender’s identity when contacted by CoStar News.
“This deal highlights the comprehensive, end-to-end capabilities of our JLL Debt Advisory Team in guiding development projects,” said Max La Cava, managing director at JLL. La Cava, along with JLL’s Melissa Quinn, structured and closed the transaction.
JLL Capital Markets had also arranged the project’s original construction financing in 2023, securing a $48 million loan from Churchill Real Estate.
Solamar Wildwood, located at 4734 Silver Star Drive, opened in 2024 and features 243 rental homes. The residences average 1,349 square feet and include amenities such as semi-private backyards and attached garages. Rental rates range from approximately $1,358 per month for one-bedroom units to $1,949 for three-bedroom homes, based on CoStar data.
The community is positioned about 44 miles northeast of downtown Orlando and is close to The Villages, one of the largest retirement communities in the United States. Unlike many nearby developments, Solamar Wildwood is not restricted by age requirements.
Grupo Trusot is headquartered in Guadalajara, Mexico, with an additional office in Miami. According to the company’s website, its development pipeline includes more than 28.5 million square feet of projects underway across Mexico and Florida.
Source: Original reporting by Joshua S. Andino, CoStar News.
