Dan Kodsi Secures $86M Construction Loan For Tuscany Village Development Site

Dan Kodsi secured an $86 million construction financing package for a 420-unit multifamily complex near Orlando, with plans for Tuscany Village on a 21-acre site in Sanford. The financing, provided by City National Bank, Abanca USA, and Origin Investments, will facilitate construction, set to begin in the coming weeks and expected to be completed in phases by 2026.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $86,000,000
• Address: 4201 West 1st Street
• Market: Sanford
• Lender: City National Bank, Abanca USA & Origin Investments
• Landlord: Dan Kodsi - Royal Palm Companies
• Loan Type: Construction Loan

Royal Palm Companies, with a diverse portfolio including high-rise condos in Miami, aims to capitalize on Central Florida's advantages, including lower construction costs and flexible building codes.