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Time Equities, Inc., has closed on a $35-million loan for the development of Phase II at Villas at Suncrest in Panama City Beach, FL.

Time Equities Closes on $35M Build Loan for Phase II of Panama City Beach Community

Time Equities, Inc., has closed on a $35-million construction loan for the development of Phase II at Villas at Suncrest in Panama City Beach, FL. The construction financing was provided by M&T Bank Corporation.

Phase II — which consists of five, three-story apartment buildings — is an expansion of the existing 116 condominiums and townhomes (Phase I) at Villas at Suncrest. Phase II will add 108 rental units, resulting in a total of 224 units at the site.

The new amenities being developed as part of Phase II include a 6,500-square-foot clubhouse equipped with resort-style pool, grand club room, fitness center, gam room, private dining facilities, lounges, outdoor kitchen, pergolas and firepits. Other onsite amenities to be added include a dog park, putting green, playground and mail kiosk.

Also as part of Phase II, the original 2,500-square-foot club house is being converted into a work-from-home center with ‘zoom pods,’ conference room, lounge and kitchen.

Photo courtesy Conn Architects


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Time Equities, Inc.

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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