PCCP Provides $68M Loan for 309-Unit Multifamily in Kissimmee
PCCP, LLC has provided a $67.8 million loan to Fore Property Company for the ground-up development of Parkway Crossings. The Class-A, 309-unit multifamily community will sit on six acres in Kissimmee, 20 miles south of downtown Orlando. Construction is underway with completion anticipated for 2025.
Parkway Crossings will be a four-story elevatored community with an approximately 570-space parking garage. The unit mix includes studio, one-, two-, and three-bedroom floor plans with an average unit size of 939 square feet. It will feature a tenant clubhouse, 24-hour fitness center, outdoor BBQ area, pool and lounge area, dog park, and EV chargers. The property is expected to meet LEED Silver standards upon completion.
“PCCP is pleased to service an existing client in Fore Property Company and to be a part of an exciting new apartment project located within the high-growth Orlando MSA,” said Andrew Barbakoff, vice president with PCCP.
- ◦Development
- ◦Financing