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Madison Realty Capital originated a $240 million mortgage loan to Baseline Property Group and JSB Capital Group for a 526-unit vacation resort property in Orlando

Madison Realty Capital Originates $240M Loan for Orlando Villa-Hotel Resort

Madison Realty Capital originated a $240 million mortgage loan to Baseline Property Group and JSB Capital Group for a 526-unit vacation resort property located on Orlando high-traffic tourism hub International Drive. Baseline and JSB also secured an additional $40 million mezzanine loan for the acquisition from a private foreign family office.

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.

Upon completion, the resort will comprise 256 condos, 200 townhomes, and 70 single family homes, with a unit mix of two- and three-bedroom condos, four- and five-bedroom townhomes, and six-, seven-, and nine-bedroom single-family homes. 

Units will feature custom designer furnishings and décor, including Villatel’s trademark themed bedrooms. Many units will include private pools, movie theaters, and arcade and gaming spaces, among many other in-home amenities. 

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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.

  • ◦Development
  • ◦Financing
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