PNC Bank Provides $69.245M Construction Loan For Bainbridge World Center 2 In Orlando

The development site located at 14051 International Drive in the Orlando market involves a significant construction project. The site is set to undergo a transformative development, with plans for 415 residential units distributed across four buildings. The amenities included in this project feature a clubhouse, a pool, and upscale facilities. Groundbreaking for the project is scheduled for June 2026.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $69,245,000
• Lender: PNC Bank
• Landlord: Richard Schechter - Bainbridge Companies
• Loan Type: Construction
• Expected Delivery: 14 months post-groundbreaking

This transaction is notable for the involvement of Richard Schechter, who represents Bainbridge Companies. The project, known as Bainbridge World Center 2, highlights the commitment of PNC Bank in providing funding for significant real estate developments in the area.