Federal Capital Partners has closed on a $7.75 million mezzanine loan to developer LeCesse Development Corp. for a new multi-family property in southwest Orlando. The new project, Ancora, will be a 289-unit condominium development that includes a resort-style saltwater pool and an outdoor kitchen-and-dining area. Federal Capital Partners is a privately held real estate investment company. The company owns and manages more than $2.3 billion in assets. This deal marks Federal’s first investment in Florida.
“Our investment in Ancora represents an excellent opportunity to invest with a strong, local developer with keen insight into the Orlando market,” said FCP Vice President, Jason Ward.
