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HILLSBOROUGH COUNTY, FLA. — Birmingham, Ala.-based Prudential Huntoon Paige has secured a $48 million construction loan for Tampa, Fla.-based Garrison Developer Group of Florida's 351-unit The Preserve at Alafia. The luxury apartment complex is located on the Alafia River in Hillsborough County. The five-story project features 3,000 feet of frontage on a wildlife conservation area and is currently 55 percent leased. The Preserve is slated to deliver during the summer of 2011. The complex is being developed with Alafia Crossing, a mixed-use development complimented by a Holiday Inn.