MIDTOWN LOFTS

Midtown Lofts, a newly completed mixed-income development in Lakeland, Florida, provides 80 mixed-income residences serving families in Polk County. The $16MM community was recommended by FHFC to receive 9% tax credits in 2018 under a highly
competitive ‘Community Revitalization’ RFA. Moreover, we worked closely with the City of Lakeland to acquire City-owned land.

Tax credit equity was provided by Raymond James and debt was provided by the City of Lakeland CRA, Fifth Third Bank, and Florida Community Loan Fund. Financial closing and construction commencement occurred in Q4 2019 and it was completed in early 2021. Midtown Lofts includes both affordable and
market-rate residences, and currently
maintains full occupancy with a waiting list.

Location: Lakeland, Florida
Project Details: 80 Multi-family Apartments (Mixed-income) 
Construction Start/Completion: 2019/2021
Green Mills Group: Developer/Owner/Asset Manager  Lender(s): Fifth Third Bank, Florida Community Loan Fund, City of Lakeland
Limited Partner: Raymond James Tax Credit Funds
Development Cost: $16MM
Website: www.midtownlakeland.com