The Allen Morris Company Secures $57.2M Construction Loan For Development Site In Kissimmee

The development site located at 5990 West Osceola Parkway in Kissimmee, Florida has recently secured a $57,200,000 construction loan from Regions Bank. The loan will support the development of the property, which consists of 311 units with a total buildable square footage of 293,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $57,200,000
• Address: 5990 West Osceola Parkway
• Market: Kissimmee
• Units: 311
• Buildable Square Footage: 293,000

The loan, provided by Regions Bank, will be used to fund the construction of the development site. The project is backed by The Allen Morris Company, Spencer Morris, Xenel International U.S.A., Principal Real Estate Investors, and their respective representatives, including Mercedes Montalvo from Regions Bank and Rob Klinkner from Principal Real Estate Investors.