Investor dishes on $42M bet on Margaritaville-area property

WFTV.com News Staff,Steven Ryzewski

September 18, 2023 at 1:31 PM·1 min read

Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

An executive for the lender behind the high-dollar refinancing of a property next to Margaritaville Resort Orlando says his group sees a unique opportunity within the retail asset class.

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Miami-based private real estate lender BridgeInvest recently closed on a $42 million refinance loan to Boca Raton-based Encore Capital Management for its 192,659-square-foot Promenade at Sunset Walk development at 3251 Margaritaville Blvd. in Kissimmee.

Encore Capital Management is also the owner and developer behind the $750 million Margaritaville Orlando Resort.

Read: Bear sighting at Disney World prompts Magic Kingdom ride closures

Click here to read the full story on the Orlando Business Journal’s website.

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