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Village at Secret Lake LP closeds ona $47.2 million construction permaneng loan May 12 to finance the Village at Secret Lake near the Orangre Lake Country Club. Osceola County records show the projectr is being built on a portionb of the property that previouslhy was an RV park on the southh sideof U.S. Highway 192 and the Daniek WebsterWestern Beltway. Carolyn first vice president and senior loan originatoffor ’s Palm Beach office, brokered the -insuredr loan. It is the largest transaction processer through the Jacksonvillethis year, according to a news release.
The $56 milliobn Village at Secret Lake is plannedrfor 12, four-story buildings with elevators, featuring a conservation pond, putting green, tot lot and oversized resort-style The project broke ground two weeks ago and is slatedc for completion November 2010. Malvern, Pa.-based Jamez S. Carr, AIA Associates LLC is the architect andJacksonville Beach-based LLC is the general contractor.
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