First Construction Loan Secured for Plantation Walk
Encore Capital Management is excited to announce we have secured the first part of our construction loan for Plantation Walk. The $23M mortgage will cover both hard and soft development costs for the project.
For our team, this is a bridge loan that will allow us to start underground construction, with vertical construction that's on track to begin in Q1 of 2018.
Plantation Walk’s 32-acre site has already been approved for 1.35 million square feet of development that includes: 700 luxury apartments, 225,000 square feet of commercial and retail space and 250,000 square feet for the renovated Class A office space. Additionally, there is a Sheraton hotel on site.