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Construction Loan

Magdalina Estates
Punta Gorda, FL

Magdalina Estates, being developed by Waterside Design and Development LLC, in Punta Gorda, FL, were financed in part with an $8.5 million construction loan. The loan represents 85% of the loan to cost ratio and will go toward the development of two buildings comprised of 12 ultra luxury town home units. Each unit will range between 2,900 square feet and 3,600 square feet and includes a two-car garage and private dock with Harbor and Gulf access. Llenrock worked with Waterside Design and Development LLC to complete the project.

“We were successful in these deals because we listened to what our clients needs were and worked hard to ensure that those needs were met,” said Andrew Benioff, now founder and senior managing partner of Llenrock Group LLC.

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