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Village at Secret Lake LP closed ona $47. million construction permanent loan May 12 to finance the Villagde at Secret Lake near the Orange LakeCountryh Club. Osceola County records show the projectr is being built on a portion of the propertyt that previously was an RV park on the soutu sideof U.S. Highway 192 and the Daniel WebsterWestern Beltway. Carolyhn Whatley, first vice presidenr and senior loan originatorfor ’s Palm Beach office, brokered the -insured loan. It is the largesyt transaction processed through the Jacksonville this according to anews release.
The $56 million Village at Secret Lake is plannedfor 12, four-story buildings with featuring a conservation area, pond, putting tot lot and oversized resort-style The project broke ground two weekx ago and is slated for completion Novembet 2010. Malvern, Pa.-based James S. Carr, AIA Associates LLC is the architect andJacksonville Beach-based LLC is the generap contractor.
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