Urban Network Capital Group (UNCG) has announced the closure of a $26.7 million construction loan for its Visions Orlando community Phase I & II. The development, designed by Concepto Taller de Arquitectura with interiors by CastillonVanHam, is located at 7007 Osceola Polk Line Road in Davenport, FL, just 20 minutes from Walt Disney World. LV Lending, a private lender focused on bridge loans for commercial and residential investment properties and developments, provided the financing for the project. Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending arranged the loan.
Visions Orlando – Club House. Credit: Urban Network Capital Group.
Visions Orlando – Single Family Home. Credit: Urban Network Capital Group.
UNCG, led by real estate veteran Robert Thorne, has begun construction on the $120 million master-planned luxury mixed-use community, featuring 48 single-family homes and 132 townhomes. The first units are expected to be delivered in Q2 2024. The investors in the project include Peruvian-based V&V Group and additional private investors.
Visions Orlando – Townhouses. Credit: Urban Network Capital Group.
The development will be anchored by a 10,000-square-foot clubhouse featuring various wellness-certified amenities, including a state-of-the-art gym, Pilates rooms and yoga deck, steam room, and sauna. The clubhouse will also include a restaurant, bar, lounges, movie theater, children’s room, arcade, driving & golf simulators, and a state-of-the-art business center with video presentation. The outdoor amenities will include a resort-style pool, family-sized Jacuzzis and hot tubs, cabanas with a wet bar and firepits, a playground and croquet lawn, tennis, volleyball, and pickleball courts, golf putting, bike share, and more. The community will also benefit from a 5-acre nature reserve and a 70,000-square-foot curated retail strip with a pedestrian street and a unique tenant mix in the shopping corridor, to be developed in a future phase.
Visions Orlando Terraza Townhouses. Credit: Urban Network Capital Group.
“We are extremely appreciative of LV Lending’s support of Visions Orlando,” said Robert Thorne, CEO of UNCG. “We have had phenomenal sales results to our initial phases, a testament to both the product and Orlando’s booming vacation rental real estate market.”
Visions Orlando – Hotel Suite. Credit: Urban Network Capital Group.
“Visions Orlando is an ideal community, and we are pleased to serve as the financial partner to Robert and his team at UNCG on this development,” said Camilo Niño, principal, LV Lending. “They are bucking the current market adjustment through a genuinely unique offering.”
Visions Orlando – Townhouse Living Room. Credit: Urban Network Capital Group.
Visions Orlando – Kitchen. Credit: Urban Network Capital Group.
Visions Orlando – Dining Area. Credit: Urban Network Capital Group.
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Any preliminary pricing info out yet? I’m considering leaving CA and FL looks better every day.
This is a beautiful building.