S3 Inks $101M Construction Loan for Orlando Residences
S3 Capital provided a $101 million construction loan for Visions Orlando Resort & Spa, located just outside of downtown Orlando. The project is being co-developed by Urban Network Capital Group (UNCG) and Vertical Developments.
The resort integrates a mix of luxury single-family homes, townhomes, and condo residences, wellness-focused amenities, retail spaces, and a broad range of recreational experiences.
The development represents a total of 460 units. The heart of the resort will be a 10,000-square-foot clubhouse featuring a fitness center, wellness facilities, restaurant and bar, premium concierge services, movie theater, golf simulator, sports courts, and resort-style swimming pools.
Since launching its credit business in 2013, S3 has originated over 900 loans totaling more than $9.9 billion, with a focus primarily on housing-oriented commercial developments in supply-constrained communities.
Other News
JLL Arranges Financing for Lightstone Acquisition on Upper West Side
JLL Capital Markets arranged acquisition financing for Lightstone’s purchase of 323 W. 96th St., a 174-unit multifamily property on Manhattan’s Upper West Side. Senior managing director Peter Rotchford and managing director Michael Shmuely worked on behalf of Lightstone to secure the financing from MF1, a wholly owned subsidiary of Berkshire Residential Investments. Lightstone is acquiring...
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National City Investment Group Commences Workforce Housing Build
The National City Investment Group, a locally owned, privately held real estate investment company, recently broke ground on Market View, a 120-unit multifamily residential community located at 303 Highland Ave. in National City. The development will transform an underutilized parking lot adjacent to Manolo Farmers Market, which has served National City for more than 33...
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Levin Johnston Closes Apartment Sale in One of San Jose’s Strongest Submarkets
Levin Johnston of Marcus & Millichap recently completed the sale of First Street Manor, a 39-unit apartment community in San Jose. Executive managing directors Adam Levin and Robert Johnston, along with senior director, investments Cole Simpson, represented the seller and procured the buyer in the $9.112-million transaction. The Levin Johnston team demonstrated the asset’s upside...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout