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April 3, 2020 Comments Off on Fore Secures $49M Loan for Orlando Opportunity Zone MF Views: 2427 Central Florida, Florida News, Top Florida

Fore Secures $49M Loan for Orlando Opportunity Zone MF

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Fore Property secured a $49.6-million loan to develop 19 South, a 384-unit apartment community located in a qualified opportunity zone in Kissimmee, FL. BBVA provided the loan for the development of the project, which is a joint venture between Fore Property and Canyon Partners Real Estate LLC.

The LEED-designed, wood-framed development will consist of four, four-story residential buildings, featuring a mix of studio, one, two and three-bedroom floor plans. The residences will offer such contemporary features as chef-inspired gourmet kitchens, quartz countertops, energy-efficient stainless-steel appliances, walk-in closets,  and hardwood-style flooring.

19 South offers convenient access to the Osceola Parkway, Florida Turnpike, and John Young Parkway, as well as downtown Kissimmee, Lake Nona Medical City, Walt Disney World Resort and Orlando International Airport.

Canyon Partners previously invested $29.8 million of equity into the project, which is slated for completion in May 2022. Fore Construction, LLC will lead the construction of the multifamily community.

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