The Altman Companies Closes $41M Construction Loan for Orlando Multifamily

The Altman Companies has closed on a $41.2-million construction loan with Comerica Bank to build Altís Grand Lake Willis Phase II, a 230-unit multifamily community located in Orlando, FL. The development is in partnership between The Altman Companies and institutional investors advised by J.P. Morgan Global Alternatives. Altís Grand Lake Willis Phase II will sit ... The post The Altman Companies Closes $41M Construction Loan for Orlando Multifamily appeared first on Connect CRE.

The Altman Companies Closes $41M Construction Loan for Orlando Multifamily

The Altman Companies has closed on a $41.2-million construction loan with Comerica Bank to build Altís Grand Lake Willis Phase II, a 230-unit multifamily community located in Orlando, FL.

The development is in partnership between The Altman Companies and institutional investors advised by J.P. Morgan Global Alternatives.

Altís Grand Lake Willis Phase II will sit on nine acres adjacent to another Altman Development, Altís Grand Lake Willis, which broke ground in the fall of 2021. The new development will include six residential buildings and is planned connectively to the surrounding Class A+ retail.

Altís Grand Lake Willis Phase II amenities include a 5,225 square-foot clubhouse with fitness center, oversized mail kiosk, beach entry heated pool with fountains, lounge chairs, grilling stations and a fire pit as well as recreational seating areas. The community is both NGBS-certified and pet-friendly.

Since its inception in 1968, The Altman Companies has developed, constructed, acquired, and managed over 27,000 multi-family homes in FL, GA, IL, NC, MI, TN and TX.

The post The Altman Companies Closes $41M Construction Loan for Orlando Multifamily appeared first on Connect CRE.

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