Nona Cove

Orlando, FL

Mixed-Use - Construction

Nona Cove

MIXED-USE - CONSTRUCTION

ACRES Capital Corp. has originated a $16 million loan to fund the development of Nona Cove Self Storage in Orlando, FL. The property will be developed into an Extra Space self-storage building which will be one element of a mixed-use multifamily and retail development called FUTURA @ Nona Cove.

Nona Cove will feature:

98,448 net rentable square feet
1,046 climate controlled self-storage units
7,593 net rentable square feet of ground floor retail space

This project is well situated close to Orlando International Airport and Lake Nona Medical City – a 650-acre life sciences park designed with a long-term vision of creating a centralized and sophisticated medical treatment, research, and education facility in Central Florida.

$16 Million

Loan Amount

Construction Loan

Loan Product

“The Lake Nona area is considered an exceptional market to develop as self-storage doesn’t currently exist within a three-mile radius of the area. We are pleased to partner with a sponsor possessing strong knowledge of this market and the foresight to contribute to the planned growth of Lake Nona.”

- Mark Fogel

ACRES Chief Executive Officer and President

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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.