News August 03, 2023
Madison Realty Capital Provides $240M Loan for 77-Acre Orlando Vacation Complex
Commercial Observer reported that Baseline Property Group and JSB Capital have secured a $240 mortgage loan from Madison Realty Capital to acquire a 526-unit portfolio of single-family rentals in Orlando. The firms plan to convert the 77-acre property into short-term vacation rentals of luxury condos, townhouses and single-family homes. Baseline plans to leverage its relationship with its sister company, Villatel, a hospitality brand and management company focused on short term rentals, to operate the 526 units inside the fully amenitized, hotel-style resort.