Visions Orlando Resort Secures $101 Million Construction Loan

• S3 Capital lent $101 million to build out Visions Orlando Resort & Spa in Davenport
• All 460 homes across four phases are already pre-sold
• WD Capital Group arranged the loan, advising both the developer and the lender
• The resort's condo-hotel component has grown to 277 units as the master plan expands

S3 Capital Writes the Check on a Presale-Backed Resort

Urban Network Capital Group and Vertical Developments have a construction loan to finish what they pre-sold. S3 Capital provided $101 million to advance the buildout of Visions Orlando Resort & Spa, a 70-acre master-planned community going up at 7007 Osceola Polk Line Road in Davenport, near the Osceola-Polk county line. WD Capital Group structured the deal, working both sides as capital advisor to UNCG and to S3.

UNCG is led by founder and CEO Robert Thorne. Vertical Developments, the co-developer, brings a $1.8 billion South Florida pipeline and backing from Peru's VyV Grupo Inmobiliario. Fernando de Nuñez y Lugones serves as its CEO, alongside chairman Victor Arce and president Cesar Paniagua, all three among the firm's founders.

The financing lands on a project that has already sold what it built. Across Phases I, II, III, and V, all 460 single-family, townhome, and condominium units are fully pre-sold, according to the financing announcement. That presale wall is what got the loan done. "The presale-driven capitalization provides significant downside protection while the underlying tourism dynamics support long-term liquidity and buyer demand," said Steven Jemal, S3's managing director of origination.

A Master Plan That Keeps Growing

Visions Orlando launched in 2022 as a $170 million, 42-acre community, then added 15 acres for $3.75 million ahead of its November 2023 groundbreaking. It now spans 70 acres. The condo-hotel piece has scaled with it: originally planned at 180 to 181 keys, the Phase IV component now stands at 277 units, alongside roughly four acres of commercial space designed by Concepto Taller de Arquitectura, with interiors by CastillonVanHam. "This was not a conventional construction financing assignment," said Emile Schachter, WD Capital's managing principal. "The project combines substantial pre-sales, a differentiated hospitality-oriented residential concept, and an experienced development team."

The loan also lands S3 another Florida notch in an active year. The lender closed a $1.3 billion credit fund in May and has recently backed a $261 million construction loan for North Bay Village's Continuum Waterfront and a $112 million loan on a 250-unit Hallandale Beach condo, putting Visions Orlando inside a broader Florida push for the New York-rooted lender.

What's Next

Construction on Phase IV, the 277-unit condo-hotel and the retail component, advances next under the new financing, with UNCG and Vertical Developments continuing the project's phased delivery strategy toward the resort's full build-out.