Developers Secure $24M Construction Loan For Orlando’s Latest Condo-Hotel

Florida-based developer Urban Network Capital Group (UNCG) has secured a $24 million construction loan from LV Lending for the development of The Flats Orlando, a 1.9-acre wellness condo-hotel resort near the epicenter of Orlando. In partnership with ZKC and Tivoli Cove Capital, this announcement paves the way for continued sales success and strong momentum toward the project’s estimated delivery in 2025.

Envisioned to introduce a superior lifestyle with hotel services to the Orlando vacation marketplace, the seven-story, 160-unit project will present a new level of accommodation experiences, balancing luxury, fun and relaxation as the guiding principles of its brand, design and wellness-oriented environment. Located at 4849 West Irlo Bronson Memorial Hwy, within five minutes of Disney Springs and 15 minutes of Disney World, the in-demand development is currently 85 percent sold.

The Flats Orlando offers a range of condo-designed floorplan options to appeal to diverse audiences in an upscale hotel setting, from studios to three-bedroom residences. Remaining inventory of one-bedroom and two-bedroom units is priced from $379,000 and $496,000, respectively. With an overall project cost of $45 million, the development team’s scrupulous attention to detail ignites experiences within the condo-hotel units, throughout the property’s well-thought amenities and beyond in the surrounding community.

“The Flats Orlando is a first-of-its-kind project for the greater Orlando area, and its robust sales is a testament to the demand for high-quality offerings that our company is bringing to the market,” said Urban Network Capital CEO Robert Thorne. “Our unique approach to pioneering The Flats Orlando, with wellness as its cornerstone, resonates with buyers who all share the main desire to live well in all facets of their lives. We remain committed to pushing boundaries in design and real estate innovation while driving attractive pricing and making an impact on this community.”

Meticulously designed by Charlotte-based ODA Architecture, the condo-hotel features fully-furnished units, a full-service spa, fitness center and 24-hour in-room dining, as well as designed areas for adults and children. A standout feature is the rooftop terrace with light breakfast and all-day dining, perfect for daily sunsets and unobstructed views of fireworks from nearby amusement parks. In keeping with Urban Network Capital’s commitment to wellness-oriented properties, The Flats Orlando will offer an environment of health and vitality, with amenities from an on-site nutritionist to circadian lighting in each unit, setting this development apart. Other activated spaces include a Pool Zone with lanais and a jacuzzi, a community room and coffee bar.

To ensure an optimal experience for owners and visitors, The Flats Orlando will operate as a hotel with short-term stay options streamlined through an exclusive rental program led by a worldwide brand soon to be announced. An on-site hospitality management group will oversee everything, from check-ins to housekeeping, to create ease in blending practical condo qualities with a luxury hotel experience.

With more than 20 years of specializing in multi-strategy real estate and condo development, UNCG remains bullish on the Orlando market. In addition to The Flats Orlando, the company is also developing Visions Resort & Spa, a new, landmark master-planned development spanning nearly 70 acres in Orlando. Visions Resort & Spa will be a true eco-friendly and health community with luxury townhomes, single-family homes and hotel-condo units, as well as retail space and more.