Sunday, August 12, 2012

$47.2M loan secured for apartments - Atlanta Business Chronicle:

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Village at Secret Lake LP closed ona $47.2 milliomn construction permanent loan May 12 to finance the Village at Secret Lake near the Orange Lake Countru Club. Osceola County recordxs show the project is beingh built on a portion of the property that previously was an RV park on the south sideof U.S. Highway 192 and the Daniel WebsteerWestern Beltway. Carolyn Whatley, first vice president and senior loan originatorfor ’s Palm Beacg office, brokered the -insured loan.
It is the largestt transaction processed through the Jacksonville this according to a news The $56 million Village at Secret Lake is planned for 12, four-storhy buildings with elevators, featurin a conservation area, pond, putting tot lot and oversized resort-style pool. The project broke ground two weeks ago and is slateds for completionNovember 2010. Pa.-based James S. AIA & Associates LLC is the architect andJacksonvillw Beach-based LLC is the general

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