GreenBarn Investment Group and Skyview Companies have secured a construction loan of $52.7 million from Sumitomo Mitsui Trust Bank to develop a 20-acre project in Kissimmee, Florida. The project, located in the Medical Arts District and known as "The Allen," will consist of 312 apartment units. The development site is situated in downtown Kissimmee and holds significant potential for growth in the market. The project is expected to include up to around one million square feet of development.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $52,700,000
• Address: Downtown Kissimmee in the Medical Arts District
• Market: Kissimmee
• Acres: 20

The construction loan obtained from Sumitomo Mitsui Trust Bank is a key factor in the realization of the project. Additionally, GreenBarn Investment Group's affiliate Rithm Capital Corp. and NTT Urban Development Corporation have invested in the project, further solidifying its support. With its strategic location and the involvement of reputable companies, "The Allen" is poised to become a prominent addition to the thriving Medical Arts District in Kissimmee.