Encore Capital Management Obtains $42M Bridge Loan For The Promenade At Sunset Walk In Kissimmee, Florida | 3280 Margaritaville Boulevard | Justin Neelis, Kevin O’Grady | Retail | Loan

Summary

Loan

FLORIDA

Retail

192,659 sqft

Encore Capital Management has secured a $42 million bridge loan for The Promenade at Sunset Walk – Margaritaville Resort, a fully leased retail center located at 3280 Margaritaville Boulevard in Kissimmee, Florida. This property spans an impressive 192,659 square feet across 11 acres.

Summary of transaction details

Property Type: Retail
Transaction Amount: $42,000,000
Address: 3280 Margaritaville Boulevard
Market: Kissimmee
Asset Size: 192,659 square feet
Land Area: 11 acres

The bridge loan obtained by Encore Capital Management will be used to repay construction loans and support the ongoing leasing and development of The Promenade at Sunset Walk – Margaritaville Resort. This funding will help further enhance the property and ensure its continued success in the market.

Players

All
3

Agents
2
Agencies
1

Justin Neelis

Director

Kevin O’Grady

Partner & Managing Director

Concord Summit Capital

Details

Deal Summary

FINANCED

IMAGE: Kevin O’Grady & Justin Neelis DATE: 08/22/2023 ADDRESS: 3280 Margaritaville Boulevard MARKET: Kissimmee ASSET TYPE: Retail ~ SF: 192,659 ~ ACRES: 11 LANDLORD: Encore Capital Management BROKERS: Kevin O’Grady & Justin Neelis - Concord Summit Capital LOAN AMOUNT: $42,000,000 LOAN TYPE: Bridge Loan NOTE: Encore Capital Management has obtained a $42 million bridge loan for The Promenade at Sunset Walk – Margaritaville Resort, a fully leased retail center in Kissimmee, Florida. The funding repays construction loans and supports the property's leasing and development.

View on map

Address3280 Margaritaville Boulevard

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want