Maurice Kaufman Of AMAC Secures $74M Loan From Ocean Bank And PCCP For Development Site In Kissimmee

The transaction involves a development site located at the intersection of West Carroll Street and West Donegan Avenue in Kissimmee. The asset is designed for a residential project consisting of 380 units. The construction is financed through loans totaling $74,000,000 from Ocean Bank and PCCP, marking a significant investment in the area. The project's completion is anticipated by the first quarter of 2027.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $74,000,000
• Lender: Ocean Bank & PCCP
• Landlord: Maurice Kaufman - AMAC

The key stakeholders in this transaction include Maurice Kaufman, representing AMAC, who is spearheading the development project as their first initiative within the Orlando market. The funding from Ocean Bank and PCCP enables the commencement of the project, which will offer modern apartments and luxury amenities to residents.