Time Equities, Inc. Closes on a $35,000,000 Construction Loan for Phase II of Its "Villas at Suncrest" Residential Community in Panama City Beach, FL
Summary
Other onsite amenities to be added include a dog park, a putting green, a playground, and mail kiosk.Also, as a part of Phase II, the original existing 2,500-square-foot club house and pool is being converted into a modern work-from-home center, complete with zoom pods, conference room, communal table with kitchen and coffee bar, and lounge, among more. FaverGray is also spearheading the conversion and renovation of an existing clubhouse on site into a new work-from-home center, featuring "Zoom pods," conference and printing facilities, a coffee bar and a lounge with communal tables. "In addition to working with both Conn Architects and FaverGray, TEI has tapped Buchanan & Harper, Inc. to handle civil engineering services.Villas at Suncrest is situated in the heart of Panama City Beach and is only a short drive to the U.S. The community is zoned for Breakfast Pointe Academy, Surfside Middle School and Arnold High School and just across the Hathaway Bridge from Gulf Coast Community College and Florida State University Panama City Campus.To learn more about Villas at Suncrest, please visit the website at www.villasatsuncrest.com.To learn more about TEI and its investment and acquisitions strategy, please visit the website at www.timeequities.com.Founded in 1966, Time Equities, Inc. ("TEI") is a diversified investment, development, asset and property management, and alternative energy company that has been in business for more than 55 years. With 332 properties across 35 states, five Canadian provinces, Anguilla, England, Germany, Italy, the Netherlands, and Scotland, the TEI portfolio benefits from a diversity of asset types including non-performing loans, B-notes, and alternative energy investments.