Centennial Bank Provides $17.5M Construction Loan To Prime Hospitality Group For Daytona Multifamily Project

The Edge Collection at Icon One Daytona is a multifamily asset featuring 129 units located at 200 Daytona Boulevard in Daytona Beach. This midrise development is part of the One Daytona mixed-use complex and is set to deliver later this month across from the Daytona International Speedway.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,500,000
• Loan Type: Construction
• Lender: Centennial Bank
• Landlord: Fred Abbo & Larry Abbo - Prime Hospitality Group - Daytona Apartment Holdings II LLC

This transaction involves key individuals Fred Abbo and Larry Abbo, who represent Prime Hospitality Group and Daytona Apartment Holdings II LLC, highlighting their roles in the development of this project and the financing secured through Centennial Bank.