Unicorp National Developments Secures $73M Loan From Centennial Bank For Elysian Project In Winter Garden

A construction loan has been secured by Unicorp National Developments to build Elysian, a 323-unit resort-style apartment community located at Avalon Road and Seidel Road in Winter Garden, Florida. The loan amount for the project is $73,000,000, and it represents Unicorp's first large-scale development in three years, continuing its extensive transaction history with Centennial Bank exceeding $500,000,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $73,000,000
• Lender: Robby Barrows & David Druey - Centennial Bank
• Landlord: Chuck Whittall - Unicorp National Developments
• Loan Type: Construction
• Project Duration: 18 months

This construction project is poised to commence under the guidance of Chuck Whittall, representing Unicorp National Developments, while the financing will be handled by Robby Barrows and David Druey from Centennial Bank, reflecting their ongoing partnership in property transactions.