Commercial Loan Truerate Services

TrueRate Services Arranges $42M Refinancing of Reunion Resort in Metro Orlando

KISSIMMEE, FLA. — TrueRate Services has organized a $42 million credit for Kingswood International for the renegotiating of The Reunion Resort in Kissimmee, around 22.6 miles from Orlando.

Dan Gorczycki and Peter Stobierski of TrueRate Services got the capital from an undisclosed New York-based finance organization.

The $42 million funding incorporated a $34 million credit from Hillcrest Finance and a $8 million mezzanine credit from Trawler Capital.

The two advances had three-year terms with two one-year choices.

Situated at 7593 Gathering Drive, The Reunion Resort traverses more than 2,000 sections of land off Interstate 4.

Resort conveniences incorporate three fairways, tennis courts and institute, a spa

And wellness focus, 25,000 square feet of gathering offices, seven eateries, 11 pools and a five-section of land water park.

The Reunion Resort possesses 25 manors, however an extra 271 estates and 87 homes take part in the hotel's rental administration program.

Since buying the property in mid 2019 from LRA Orlando LLC, the past proprietor put $9 million in redesigns.

The credit continues will be utilized to take care of the current procurement advance, move golf openings and extend the water park.


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