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Florida & Gulf Coast  + Central Florida  + Finance  | 
Concord Summit Capital, LLC arranged a $42 million bridge loan for The Promenade at Sunset Walk in Kissimmee, FL.

Concord Summit Capital Closes $42M Bridge Loan for Orlando Retail

Concord Summit Capital, LLC arranged a $42 million refinance loan from BridgeInvest to Encore Capital Management for The Promenade at Sunset Walk – Margaritaville Resort, a 14-building, 192,659-square-foot retail center located within the larger 325-acre master-planned entertainment community of Sunset Walk in Kissimmee, FL.

Chairman Kevin O’Grady and Managing Director Justin Neelis, both of Concord Summit’s Miami office, advised the borrower and sourced the financing.

The bridge loan will be used to repay the original construction loan and provide the borrower, Encore Capital Management, a long-time Concord Summit client, with cash out at closing.

The Promenade completed construction and started tenancy in December 2019 and 2020. Currently, the property is 100-percent leased with inline space with one vacant pad space available. Tenants include Sketchers, BurgerFi, Cold Stone Creamery, Studio Movie Grill, Fat Tuesdays, Ford’s Garage, among others.

The property is near Walt Disney World’s Magic Kingdom, EPCOT Center, and MGM Studios.


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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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