S3 Capital has provided a US$101 million loan for the construction phase of a planned luxury resort project near Orlando. The multi-phase Visions Orlando Resort & Spa, a development by the joint venture between Urban Network Capital Group and Vertical Developments, is located in Davenport, Florida.
The project, being built on a 70-hectare site, will comprise a mix of detached houses, townhouses, and condominiums upon completion. In addition, extensive amenities for residents and retail spaces are planned.
Strategic Financing and Project Scope
Steven Jemal, Managing Director of Origination at S3 Capital, stated that Visions Orlando represents precisely the kind of well-conceived residential community his company wishes to support. From a lender's perspective, the pre-sale-backed financing structures offer significant protection against downside risks, while the underlying tourism dynamics ensure long-term liquidity and buyer demand.
The Visions Orlando Resort is located at 7007 Osceola Polk Line Road. According to S3 Capital, all 460 residential units in Phases I, II, III, and V have already been sold. Phase IV of the project includes 277 condo-hotel units, specifically tailored for holidaymakers. The overall development of the master-planned community is expected to extend to Phase VIII and will additionally include a 4-hectare commercial area.
Facilities and Amenities
Planned amenities at the resort include a 10,000 square foot clubhouse. This will offer a variety of facilities to meet the needs of residents and guests.
- —Fitness centre
- —Pool
- —Sports courts
- —Wellness facilities
- —Restaurant and bar
- —Cinema
- —Golf simulator
