Two Orlando-Area Real Estate Projects Secure $109M of Construction Loans

Two Orlando-Area Real Estate Projects Secure $109M of Construction Loans #OrlandoArea #Real #Estate #Projects #Secure #109M #Construction #Loans Welcome to Lopoid

Two Greater Orlando Area developments, The Registry at Grass Lake condo-hotel and Winter Garden multifamily development, secured construction loans totaling $109 million.

The Registry at Grass Lake is a 320-unit market-rate apartment community in Winter Garden being developed by L.M. Sandler & Sons.  American Momentum Bank provided the loan for $55 million.  Located at 14544 Avalon Road, the development will have a pool and clubhouse, concierge service, bike storage and outdoor grills. Construction will begin soon.

In the second transaction, Concord Summit arranged for Centennial Bank to provide a $54 million loan to build

Construction has already started for the second development, Embassy Suites at Sunset Walk, a 300-unit, for-sale condominium hotel project in Kissimmee. The developer, Encore Opportunity Fund, is offering buyers furnished and designed studio, one, -and two-bedroom condo hotel residences priced from the high $300s.  Centennial Bank provided a $54 million loan for the construction.

Concord Summit Capital arranged the two loans.

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