CanAm Capital Partners (CACP) has closed a $10 million mezzanine loan for an affiliate of Lloyd Jones, LLC to build a 159-unit active adult and independent living rental community located on a 10-acre site in Port St. Lucie, Florida. The property will operate under Lloyd Jones’ proprietary Aviva brand as Aviva, Port St. Lucie.
CACP is a full-service financial firm providing EB-5 investment funds and conventional financing. The $10 million in debt for the Port St. Lucie project was reinvested from the company’s $350 million loan to Florida East Coast Industries’ Brightline rail project. The original loan was a key financing piece in the development of the high-speed passenger rail system in Florida. But, the redeployed capital will remain invested to meet EB-5 program requirements.
In addition to the $10 million loan, CACP has committed to fund $6 million of the third-party equity into the Aviva project.
