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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