Grand Palisades Resort - Winter Garden, Florida


CF Capital Partners, Inc. was engaged to assist in the final resolution of $140 million of bank debt. The bank debt was a construction revolving credit facility for a 100 acre site where 890 resort condominiums that was 75% complete.  There were sixty-five different bank participants. Due to the economic turmoil in the new home construction business, the developer was unable to close the first 188 units in order to pay down the revolving credit facility.  CF Capital Partners, Inc. preforms asset management services in an effort to stabilize the project for the developer and the lender. The stabilization process includes the preparing of business plans for the project completion, working with subcontractors, insurance brokers, and protecting the asset from deterioration and further weather related erosion.