The property involved in this transaction is a multifamily asset located at 11804 Glass House Lane in the Orlando market. Unicorp National Developments is set to develop the next two phases of Glasshouse at O-Town West, adding a total of 591 units to the community. The construction loan secured for this project amounts to $168 million and is provided by Centennial Bank.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $168,000,000
• Lender: Centennial Bank
• Landlord: Chuck Whittall - Unicorp National Developments
• Loan Type: Construction
• Expected Completion: Mid-2027
• Total Lending with Unicorp: Over $1 billion

The key individuals in this deal include Chuck Whittall, representing Unicorp National Developments, who is overseeing the construction and development of the new phases at Glasshouse. Centennial Bank, as the lender, has established a significant partnership with Unicorp through this loan and previous financing agreements, contributing over $1 billion in total lending to the organization.