Abid Chaudry Of ARC Realty Group Secures $42.95M Construction Loan For CW Resort & Marina

The asset involved in this transaction is a development site located at 411 East Shore Drive in Clearwater Beach. The development site is intended for the construction of CW Resort & Marina, which will feature luxury accommodations including 91 fully furnished residences and 45 marina slips, with amenities such as a heated pool, fitness center, restaurant, and concierge services. The total loan amount for this project is $42,950,000, obtained for construction purposes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $42,950,000
• Lender: Apex Group Loan Services
• Landlord: Abid Chaudry - ARC Realty Group
• Completion Expected: March 2026

This transaction involves key stakeholders including Abid Chaudry representing ARC Realty Group, who is the landlord for the development project. The funds secured from Apex Group Loan Services are designated specifically for the construction phase of the CW Resort & Marina.