Developers Secure $26.7 Million Construction Loan for Visions Orlando

Urban Network Capital Group, the developer of Visions Orlando, has secured a $26.7 million construction loan for the mixed-use luxury vacation hotel community. The financing is provided by LV Lending, a Miami-based private lender which focuses on bridge loans for commercial and residential developments and properties. Construction has begun at the gated, eco-friendly community in Davenport, Florida less than 20 miles Disney World. The development will include multiple components. Illusions will offer 48 single-family homes with seven and eight bedrooms. Reflections will consist of 132 5 and 6-bedroom townhomes. Inspirations will feature 182 one and two-bedroom condo hotel units. In addition to the residential communities, Visions will include Dreams, a 15,000+ square feet retail plaza and pedestrian walkway. Amenities include a 12,000-sqaure foot clubhouse, water deck with resort-style pool and jacuzzi, kids water park and cabanas, tennis and pickleball courts and a wellness center. Construction of the first phase of townhomes and single-family homes is slated to begin in the second quarter 2023. Completion, including the hotel component, is expected in the second quarter 2024.

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