LV Lending, a local private lender focused on bridge loans for commercial and residential investment properties and developments, announced the closing of financing for Phase I of the expansion of Reunion Resort, which features a 31.56-acre site comprising two contiguous tracts of land located at the northeast quadrant of Gathering Drive and South Old Lake Wilson Road in Kissimmee.
The financing was arranged by Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending on behalf of the borrower, Orlando Reunion Development LLC, a related company wholly owned by the same principle of Kingwood Orlando Reunion Resort LLC.
Closing took place Dec. 15.
The expansion of the Reunion Resort comprises an 1,800-unit mixed-use development all situated around Crystal Lagoon with an amphitheater for nightly events and concerts. The development will take place over five phases and several years and is projected to have a completion value of approximately $1 billion. Groundbreaking is slated to begin in 2024.
Kingwood Orlando Reunion Resort LLC is the parent company and owner of the highly acclaimed Reunion Resort, which amongst several thousands of luxury homes, villas and condominiums, boasts three legendary championship golf courses, a variety of seven food and beverage outlets, waterparks, 11 pools, rooftop pool and private club faculty, and conference areas.
The property is ideally located in the heart of Orlando’s thriving tourism zone. Situated within eight minutes of Disney World and 30 minutes from Orlando International Airport, this 2,226-acre master-planned resort community provides the ultimate experience amongst vacation rental residences throughout the state of Florida.
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