$101 Million Construction Loan Secured By Robert Schwartz & Steven Jemal For Davenport Mixed-use Development

The property asset involved is a mixed-use development located at 7007 Osceola Polk Line Road in Davenport. It encompasses 730,000 square feet with a total of 467 units. The transaction involves a construction loan valued at $101 million.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $101,000,000
• Address: 7007 Osceola Polk Line Road
• Market: Davenport
• Units: 467
• Asset Size: 730,000 SF
• Lender: Robert Schwartz & Steven Jemal - S3 Capital
• Landlord: Fernando De Nunez & Nicolás Labarthe - Vertical Developments; Robert Thorne & Federico Puppio - Urban Network Capital Group
• Broker: Emile Schachter - WD Capital Group
• Loan Type: Construction

The deal involved key individuals and entities such as WD Capital Group, which arranged and structured the credit facility. This loan is aimed at financing a master plan that includes several components, like hotel units, luxury single-family homes, townhomes, condo residences, wellness-focused amenities, curated retail spaces, and recreational experiences.