Centennial Bank Provides $54M Construction Loan For Orlando Hotel On Margaritaville Boulevard

The property involved in the transaction is a hotel located at 3240 Margaritaville Boulevard in Orlando. The hotel consists of 300 units and is owned by Encore Opportunity Fund.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $54,000,000
• Address: 3240 Margaritaville Boulevard, Orlando
• Market: Orlando

The lender for this transaction is Centennial Bank, providing a construction loan of $54,000,000. The brokers involved in the deal are Kevin O'Grady, Justin Neelis, and Daniel Rojo from Concord Summit Capital, representing the buyers.