Madison Communities and Heitman have successfully secured a $44 million construction loan for their latest project, Madison Bonita Springs. This luxurious Class A apartment community, located in the thriving city of Bonita Springs, Florida, is set to offer top-of-the-line amenities and convenient access to major transportation routes.
The financing was provided by First Citizens Bank while Patterson Real Estate Advisors facilitated the loan process. According to Sarah Bertrand of Heitman, this development presents an exceptional opportunity to take advantage of the area’s strong economic growth.
Situated on Bonita Beach Road, residents will enjoy easy access to renowned healthcare institutions such as Lee Health and NCH Healthcare System. Additionally, they will be just a short distance away from recreational activities at Barefoot Beach and luxury resorts like Ritz Carlton Naples and Naples Grand Beach Resort. For those seeking entertainment options nearby can visit Seminole Casino Hotel in Immokalee.
Construction for Madison Bonita Springs is being led by BenCo – Madison Communities’ own contractor – with plans for its first units slated for completion in the third quarter of 2025 followed by full completion later that year.
