JLL Secures $19M Mezzanine Loan for Tampa Multifamily Project

The financing will support the construction of the 268-unit River Vista development.

Published on Feb. 21, 2026

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JLL has secured a $19 million mezzanine loan to finance the construction of River Vista, a 268-unit workforce housing development located in Tampa, Florida. The project is being developed by Vista Residential Partners.

Why it matters

The new River Vista development will provide much-needed affordable housing options in the Tampa area, which has seen rapid population growth and rising rents in recent years. The mezzanine financing from JLL will help make the project financially viable.

The details

River Vista will feature a mix of one-, two-, and three-bedroom apartments averaging 989 square feet. Planned amenities include nature trails, river overlooks, club rooms, coworking spaces, a fitness center, pet spa, and dog park. The construction timeline and additional financing details were not disclosed.

  • The mezzanine loan was secured in February 2026.

The players

JLL

A commercial real estate services firm that arranged the $19 million mezzanine loan.

Vista Residential Partners

The developer of the 268-unit River Vista multifamily project in Tampa.

Crow Holdings Capital

The credit venture that provided the mezzanine financing for the River Vista development.

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The takeaway

The River Vista project demonstrates how mezzanine financing can help make affordable housing developments financially viable, even in high-growth markets like Tampa where land and construction costs are rising rapidly.