Loan amount
$49,000,000
Loan type
Refinance
{No Cash-Out}
As-Is Property Value
$150,800,000
LTV
32%
{LTV}
Property type
Vacant Land
Borrower Details
Credit score
750
Deal experience
30 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Kissimmee
State
Florida
Loan Details
Current mortgage balance
$49,000,000
Additional Loan Information
EVEREST PLACE BRIDGE FINANCING – $75M SENIOR SECURED LOAN
November 18, 2025 CBRE appraisal confirms current as-is value over $150M
Sponsor will pay third-party DD fees transacted through escrow and supported by invoices. Any other type of DD fees not paid through escrow with invoices will only be paid at closing.
Data room link: https://everestplace.app.box.com/s/4v86b6c2v6h3eh5wjxiobi4d862iegjr
Premium Mixed-Use Development in World-Class Tourism Corridor
Everest Place is a visionary 234-acre mixed-use development located in prime Orlando, Florida—minutes from Walt Disney World, Universal Studios, and other internationally recognized attractions within one of the country’s most robust tourism markets. The property benefits from exceptional accessibility (90,000+ daily vehicle traffic on adjacent US Highway 192) and sits at the intersection of major highways with proximity to Orlando International Airport. The project is supported by over six years of successful entitlements and permitting, with $19 million in sponsor equity already invested in approved anchors including Nickelodeon Hotel & Resorts Orlando, Mysk by Shaza (Kempinski Group), and Walmart Neighborhood Market, each with executed contracts and approved building permits.
De-Risked Capital Stack with Committed Anchor Tenants
Everest Place represents a de-risked development opportunity backed by multiple committed institutional partners and binding agreements. Nickelodeon (211 rooms, 184 branded condos) is 30% pre-sold with building permits approved and construction ready to commence immediately. Mysk Resort & Residences (190 rooms, 197 condos) has 23% pre-sales and completed construction drawings. Walmart has executed its anchor retail contract (50,000 SF neighborhood market) with construction beginning December 2025. The Global District, developed in partnership with 3B United (operators of Dubai Global Village), brings international entertainment and cultural expertise. This portfolio of committed partners dramatically reduces execution risk and validates market demand in this premier destination.
Conservative Loan Structure with Clear Repayment Pathway
The $75 million senior secured bridge loan is structured as an instrument (serviced by built-in interest reserve) with an 18-24 month tenor, secured by first-lien mortgage at conservative 50% LTV. The sponsor has demonstrated $44.9 million in committed equity, and the loan exit is crystalline: structured parcel sales generate net proceeds of $130.5 million, with full loan repayment achieved by June 2026. Financial modeling demonstrates sequential lot sales beginning November 2025 through December 2027, with cumulative paydowns fully retiring the $75 million facility while generating 100% loan repayment. The experienced sponsor team brings 100+ years combined expertise across hospitality, multifamily, government projects, and international development spanning the U.S., Canada, Middle East, and Caribbean markets.
Strategic Market Positioning in Orlando’s Record Tourism Growth
Orlando’s tourism industry reached a record $94.5 billion economic impact in 2024, welcoming 75.3 million visitors and generating 56.5 million passengers through Orlando International Airport annually. Everest Place captures this unprecedented demand through a diversified portfolio of hotel, residential, retail, and entertainment offerings. The development entitlements allow for 2,800 units and 300,000 square feet of commercial space. With three international hospitality brands already committed, pre-sales momentum established, infrastructure substantially complete, and institutional anchor tenants ready to deploy capital—this represents a rare bridge financing opportunity combining institutional-caliber collateral security, brand-name partnerships, and a transparent, mathematically supported exit strategy in one of America’s most resilient tourism markets.
Sponsor will pay third-party DD fees transacted through escrow and supported by invoices. Any other type of DD fees not paid through escrow with invoices will be paid at closing.
Data room link: https://everestplace.app.box.com/s/4v86b6c2v6h3eh5wjxiobi4d862iegjr
November 18, 2025 CBRE appraisal confirms current as-is value over $150M
Sponsor will pay third-party DD fees transacted through escrow and supported by invoices. Any other type of DD fees not paid through escrow with invoices will only be paid at closing.
Data room link: https://everestplace.app.box.com/s/4v86b6c2v6h3eh5wjxiobi4d862iegjr
Premium Mixed-Use Development in World-Class Tourism Corridor
Everest Place is a visionary 234-acre mixed-use development located in prime Orlando, Florida—minutes from Walt Disney World, Universal Studios, and other internationally recognized attractions within one of the country’s most robust tourism markets. The property benefits from exceptional accessibility (90,000+ daily vehicle traffic on adjacent US Highway 192) and sits at the intersection of major highways with proximity to Orlando International Airport. The project is supported by over six years of successful entitlements and permitting, with $19 million in sponsor equity already invested in approved anchors including Nickelodeon Hotel & Resorts Orlando, Mysk by Shaza (Kempinski Group), and Walmart Neighborhood Market, each with executed contracts and approved building permits.
De-Risked Capital Stack with Committed Anchor Tenants
Everest Place represents a de-risked development opportunity backed by multiple committed institutional partners and binding agreements. Nickelodeon (211 rooms, 184 branded condos) is 30% pre-sold with building permits approved and construction ready to commence immediately. Mysk Resort & Residences (190 rooms, 197 condos) has 23% pre-sales and completed construction drawings. Walmart has executed its anchor retail contract (50,000 SF neighborhood market) with construction beginning December 2025. The Global District, developed in partnership with 3B United (operators of Dubai Global Village), brings international entertainment and cultural expertise. This portfolio of committed partners dramatically reduces execution risk and validates market demand in this premier destination.
Conservative Loan Structure with Clear Repayment Pathway
The $75 million senior secured bridge loan is structured as an instrument (serviced by built-in interest reserve) with an 18-24 month tenor, secured by first-lien mortgage at conservative 50% LTV. The sponsor has demonstrated $44.9 million in committed equity, and the loan exit is crystalline: structured parcel sales generate net proceeds of $130.5 million, with full loan repayment achieved by June 2026. Financial modeling demonstrates sequential lot sales beginning November 2025 through December 2027, with cumulative paydowns fully retiring the $75 million facility while generating 100% loan repayment. The experienced sponsor team brings 100+ years combined expertise across hospitality, multifamily, government projects, and international development spanning the U.S., Canada, Middle East, and Caribbean markets.
Strategic Market Positioning in Orlando’s Record Tourism Growth
Orlando’s tourism industry reached a record $94.5 billion economic impact in 2024, welcoming 75.3 million visitors and generating 56.5 million passengers through Orlando International Airport annually. Everest Place captures this unprecedented demand through a diversified portfolio of hotel, residential, retail, and entertainment offerings. The development entitlements allow for 2,800 units and 300,000 square feet of commercial space. With three international hospitality brands already committed, pre-sales momentum established, infrastructure substantially complete, and institutional anchor tenants ready to deploy capital—this represents a rare bridge financing opportunity combining institutional-caliber collateral security, brand-name partnerships, and a transparent, mathematically supported exit strategy in one of America’s most resilient tourism markets.
Sponsor will pay third-party DD fees transacted through escrow and supported by invoices. Any other type of DD fees not paid through escrow with invoices will be paid at closing.
Data room link: https://everestplace.app.box.com/s/4v86b6c2v6h3eh5wjxiobi4d862iegjr
Status
Closed
Created
December 28, 2025 - 2:23pm
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