Merrimac Ventures Secures $62.5 Million Construction Loan And Breaks Ground On 360-Unit Leena Ocala In Ocala, Florida
Merrimac Ventures, in partnership with Southern Waters Capital, has secured $62.5 million in construction financing from ACORE CAPITAL and broken ground on Leena Ocala, a 360-unit multifamily development planned for a 36-acre site at SW 60th Avenue and SW 52nd Street in Ocala, Florida. The garden-style apartment and townhome community will include 300 apartments across multiple three-story buildings and 60 two-story townhome residences, with first deliveries expected in late 2027 and full completion anticipated in 2028.
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