---
title: "33-lot transfers: $14 million in mortgages and the company-control terms"
description: Four corporate borrowers have two 50% members, JAM management and
  Okeechobee LH approval rights. The recorded loan amounts total $14 million;
  funding and property-description issues remain unresolved.
url: https://lakefrontokeechobee.com/news/october-lot-transfers/
author: Lakefront Okeechobee Report
published: 2026-11-01
updated: 2026-11-01
records_verified_through: 2026-10-28
source_ids:
  - md-mwc-2026-11-01
  - ny-lh-2026-11-01
  - fl-ucc-check-2026-11-01
  - glades-202622003281
  - glades-202622003286
  - glades-202622003291
  - glades-202622003296
  - glades-202622003280
  - glades-202622003285
  - glades-202622003290
  - glades-202622003295
  - glades-202622003284
  - glades-202622003289
  - glades-202622003294
  - glades-202622003299
  - glades-202622003282
  - glades-202622003287
  - glades-202622003292
  - glades-202622003297
  - glades-202622003283
  - glades-202622003288
  - glades-202622003293
  - glades-202622003298
  - glades-202622003190
  - glades-202622003258
  - glades-202622003261
  - glades-co-review-2026-11-01
---

# 33-lot transfers: $14 million in mortgages and the company-control terms

Glades County records checked through 2026-10-28. Individual sources retain their own dates.

**Four companies received 33 Lakefront lots and recorded mortgages stating loan amounts totaling $14 million on October 29.** The newly located borrower agreements identify **Jeff Akerman and Mordechai Rosenblum as 50% members of each OCD RENT OP 1–4 LLC**, **JAM Equities LLC as manager**, and **Okeechobee LH LLC as approval party** with specified veto rights. The $14 million is the sum of the mortgages’ stated loan amounts; actual disbursements and current balances are not established.

The four special warranty deeds convey the lots from **Okeechobee Community Developers LLC** and expressly state that **no monetary consideration was exchanged**. These corporate transfers do not establish 33 individual home purchases or occupied rentals. The [individual home-closing ledger](/closings/) remains at one verified deed.

The deeds are dated **October 23, 2026**. Each recites nominal consideration of $10 and carries $0.70 in deed documentary stamps. Those figures do not establish a market sale price, property value or cash paid. The no-monetary-consideration statement appears on PDF page 1 of each linked deed.

Each recorder note also states that the property was not encumbered by a mortgage or line of credit at conveyance. That is a statement in the deed, not an independent title examination. The partial releases below provide separate evidence about specified mortgages; the statement does not resolve construction-lien claims or supply the missing release exhibit.

## Which lots were conveyed?

| Grantee | Lots in the deed’s Exhibit A | Deed / accompanying partial release |
| --- | --- | --- |
| OCD RENT OP 1 LLC | **8 lots:** Block 5, Lots 17, 18, 23, 27, 36 and 38; Block 6, Lots 17 and 24 | [Deed 202622003281](/records/202622003281/) · [Release 202622003280](/records/202622003280/), with the same eight lots |
| OCD RENT OP 2 LLC | **8 lots:** Block 5, Lots 24, 25, 26, 32, 33, 34 and 37; Block 6, Lot 18 | [Deed 202622003286](/records/202622003286/) · [Release 202622003285](/records/202622003285/), whose referenced Exhibit A is absent from the supplied PDF |
| OCD RENT OP 3 LLC | **9 lots:** Block 3, Lot 15; Block 4, Lot 5; Block 5, Lots 16, 21 and 22; Block 6, Lots 13, 14, 36 and 37 | [Deed 202622003291](/records/202622003291/) · [Release 202622003290](/records/202622003290/), with the same nine lots |
| OCD RENT OP 4 LLC | **8 lots:** Block 3, Lots 14 and 16; Block 4, Lot 13; Block 5, Lot 28; Block 6, Lots 12, 16, 21 and 38 | [Deed 202622003296](/records/202622003296/) · [Release 202622003295](/records/202622003295/), with the same eight lots |

The lot descriptions are on **PDF page 3 of each deed**. The OP 4 deed’s signature and exhibit pages are unusually faint; its lot list was also checked against the clearer **page 4 of release 202622003295** and **page 7 of affidavit 202622003299**. The individual record pages link the expressly described lots to the parcel map. The four lists contain 33 distinct platted lots; the documents do not establish 33 completed or occupied homes.

The deeds remain subject to their stated exceptions, including 2026 and later taxes and assessments, CDD charges, recorded matters and the Estates declaration. Their special warranties cover claims through or under the grantor under the stated terms. They are not evidence that every possible title claim has been cleared. [Deeds, PDF page 1](/records/202622003281/).

**November 1 occupancy update:** The completed [81-permit CO review](/occupancy/) matches occupancy certificates to **32 of these 33 transferred lots**. No CO was identified in this review for **Block 6, Lot 37**, one of OP 3’s lots; that is a limit of the reviewed set, not proof that none exists. This comparison uses the deed exhibits and separately recorded permit parcel evidence. The approvals do not establish actual residents, tenants, rental income or individual buyer closings.

## What the mortgage releases establish

**EB-5 United Okeechobee LLC** is the releasing mortgagee. The three complete property exhibits identify **25 lots** matching the OP 1, OP 3 and OP 4 deeds. They release those described properties from specified project mortgages and assignments of leases and rents, while expressly preserving the instruments’ liens and remedies on the remaining property. [OP 1 release, PDF pages 1–2 and 4](/records/202622003280/) · [OP 3 release](/records/202622003290/) · [OP 4 release](/records/202622003295/).

The releases identify the amended mortgage at **book 422, page 247**, the assignment at **401/142**, the former Construction Loan Services II mortgage at **406/477** and its assignment at **422/236**, with related assessment acknowledgments. Their nominal $10 recitals disclose neither the release payment nor the outstanding project-loan balance. They do not establish a project-wide payoff.

**Release 202622003285 is only three pages.** Page 1 refers to Exhibit A, but the supplied copy ends at the signature and acknowledgment page stamped **3 of 3**. No property exhibit follows. The neighboring OP 2 deed describes eight lots, but that does not establish which property this release covers. It is therefore left without parcel matches. This is a gap in the supplied release copy, not a finding that those eight lots remain subject to the mortgages. [Release, PDF pages 1–3](/records/202622003285/).

## Four mortgages state $14 million in loan amounts

Each mortgage is dated **October 23** and recorded **October 29**. Each names **MWC WB SPV LLC**, described as a Maryland LLC, as mortgagee. The collateral exhibits match the 33 lots in the four deeds.

| Borrower | Stated loan amount, “not to exceed” | Mortgage | Borrower affidavit |
| --- | --- | --- | --- |
| OCD RENT OP 1 LLC | $3,400,000 | [202622003282](/records/202622003282/) | [202622003283](/records/202622003283/) |
| OCD RENT OP 2 LLC | $3,600,000 | [202622003287](/records/202622003287/) | [202622003288](/records/202622003288/) |
| OCD RENT OP 3 LLC | $3,600,000 | [202622003292](/records/202622003292/) | [202622003293](/records/202622003293/) |
| OCD RENT OP 4 LLC | $3,400,000 | [202622003297](/records/202622003297/) | [202622003298](/records/202622003298/) |

The amounts appear on **page 1 of each mortgage**, with collateral on **page 11**. The supplied mortgages refer to separate promissory notes; those notes, loan agreements, closing statements and disbursement ledgers are not included. Interest rates, payment schedules, maturity, net proceeds and current balances remain unestablished. The $14 million is not a property sale price or a verified addition to project investment.

The collateral includes land, improvements, fixtures, leases and rents. Section 1 also secures future advances and readvances within twenty years, with a principal-security formula of double the Note’s face amount plus specified charges. That provision is not a stated maturity or proof of additional borrowing. Transfer restrictions and default remedies describe contractual rights; they do not report an actual default. [Mortgages, PDF pages 2–6](/records/202622003282/).

The borrowers’ first-priority warranties do not independently settle title priority, cure the missing OP 2 release exhibit or resolve construction-lien claims. Nothing supplied establishes the amount paid to the developer or EB-5 lender from these transactions.

## Who owns and controls the four borrowers?

The **23-page borrower affidavits** attach operating agreements effective **October 21, 2026**. Section 1 names the same two sole members in each company: Jeff Akerman and Mordechai Rosenblum, **50% each**. These are direct interests in the OP companies. They do not replace the [December 2025 membership schedule for the main developer](/ownership/) or disclose personal capital contributions. The agreement body spells Akerman’s name “Ackerman”; the signature label uses “Akerman.”

Section 2 appoints JAM Equities LLC as manager. Membership alone gives neither member signing authority. Sections 3–4 give **Okeechobee LH LLC exclusive prior written approval and veto authority** over the listed financing, borrowing, mortgages, liens, sale contracts, options, transfers and other property dispositions. LH may authorize a signer; email approval can suffice, while silence does not. Approved lender remedies are preserved.

Section 6 also requires both members’ and LH’s written consent for amendments, membership transfers, new interests and voluntary dissolution, plus any required lender consent. LH’s approval rights cannot be waived or removed without its written consent. The agreements are on **page 19 for OP 1, OP 2 and OP 4**, and **page 18 for OP 3**. [OP 1](/records/202622003283/) · [OP 2](/records/202622003288/) · [OP 3](/records/202622003293/) · [OP 4](/records/202622003298/).

The approval-party signature blocks print **Berel Farkas, Authorized Signor**. Separate written loan approvals on **page 23** print **Menachem Silber, Authorized Signer**, for LH, described there as a New York LLC. These roles do not identify LH’s members or their percentages. The printed Berel label is retained without using handwriting alone to equate it with the separate Barry Farkas profile.

The supplied **`OKEECHOBEE LH*`** name search returned zero indexed matches. Its role is nevertheless expressly stated inside the recorded agreements. A party-name index does not list every company mentioned in a document.

The supplied November 1 registry checks identify LH as **New York DOS 6528045**, formed **July 1, 2022**, and MWC as **Maryland W26129718**, formed **May 27, 2025**. LH's detail lists active status with a past-due statement; MWC's lists active and in good standing. These are dated registry observations, without member lists or a determination of transaction validity. [LH registry evidence](/sources/#ny-lh-2026-11-01) · [MWC registry evidence](/sources/#md-mwc-2026-11-01).

The supplied Florida UCC debtor-name searches found no matches for OP 1–4, JAM, Okeechobee Member or Okeechobee LH **through the October 27 indexing cutoff**. That cutoff predates the October 29 mortgages, which also identify themselves as fixture filings. The negative results do not rule out later filings, other jurisdictions or other filing statuses. The developer search still returned its two already collected UCC1 records. [Search scope and evidence](/sources/#fl-ucc-check-2026-11-01).

On **page 1 of each borrower affidavit**, Akerman states that he is JAM’s sole member and managing member. Earlier July 2024 documents gave Rosenblum a JAM managing-member signing role. These are dated records; the supplied materials do not explain any intervening membership change. No personal percentage of the main developer is calculated by combining them.

The OP status certificates on **page 8** state filing on September 16, effective September 15, 2026. Their stated business purpose includes acquiring, improving, leasing, operating, financing and disposing of property. Neither that purpose nor the assignment of rents proves actual tenants or rental revenue.

## OP 2’s affidavit has conflicting property exhibits

**OP 2 affidavit 202622003288 contains two different eight-lot lists.** Its primary **Exhibit C on page 10** matches the OP 2 deed and mortgage. The later **Exhibit A on page 14** repeats OP 1’s lots: Block 5, Lots 17, 18, 23, 27, 36 and 38; Block 6, Lots 17 and 24. The written loan approval on **page 23** refers to Exhibit A.

The record’s parcel links follow Exhibit C, with the conflict expressly disclosed. The lists are not combined into sixteen OP 2 properties. The supplied documents do not explain the discrepancy or include a corrected approval exhibit. This issue is separate from the absent exhibit in partial release 202622003285. [OP 2 affidavit, PDF pages 10, 14 and 23](/records/202622003288/).

## OP 3’s mortgage has a conflicting parcel identifier

**OP 3 mortgage 202622003292** lists its third parcel on **page 1** as **S34-38-34-001-0005-0140**. Its **page 11** exhibit instead describes **Lot 14, Block 6** and gives **S34-38-34-001-0006-0140**, consistent with the deed and borrower affidavit. Parcel links follow those expressly described lots, with the conflicting header preserved. A corrective instrument and the legal effect of the discrepancy remain unestablished. [Mortgage, PDF pages 1 and 11](/records/202622003292/).

## Three conveyed lots also appear in lien claims

The reviewed construction-lien claims identify **Block 6, Lot 36**, conveyed to OP 3, and **Block 4, Lot 13** and **Block 6, Lot 38**, conveyed to OP 4. The claims allege $4,450.99, $4,176.74 and $4,176.74 unpaid, respectively, for roofing/building products under Treasure Coast Roofing contracts. [Lot 36 claim, page 1](/records/202622003190/) · [Block 4, Lot 13 claim, page 1](/records/202622003258/) · [Lot 38 claim, page 1](/records/202622003261/).

The project-mortgage releases do **not** release these construction-lien claims. The reviewed package supplies no payment confirmation, satisfaction, settlement or adjudicated current balance resolving them. The [lien report](/news/boys-school-construction-lien/) preserves the different claims and their limits; these documents alone do not establish present lien priority or a complete title status.

## The developer’s separate affidavits

Four companion seven-page affidavits identify **Jeff Akerman as managing member of JAM Equities LLC, the developer’s manager**, and contain representations about the developer’s authority and status. Each attaches a **September 25, 2026 Florida status certificate**, the developer’s **October 28, 2021 original articles** and a property list matching its associated deed. The assertions are those of the affiant, not independent findings about every possible claim. [OP 1 affidavit](/records/202622003284/) · [OP 2 affidavit](/records/202622003289/) · [OP 3 affidavit](/records/202622003294/) · [OP 4 affidavit](/records/202622003299/) — representations on page 1, certificate on page 4, articles on pages 5–6, lots on page 7.

The historical articles do not establish new management appointments or equity percentages in October 2026. These seven-page affidavits concern **Okeechobee Community Developers LLC**; the distinct 23-page borrower affidavits discussed above supply the OP agreements. References to intended title-insurance issuance do not prove that a particular policy was issued.

## What remains unknown

The records now identify the OP members, manager, stated purpose and LH approval rights. Actual capital contributions, noncash acquisition terms, loan disbursements, rental operations, actual occupancy, any additional occupancy approvals, LH’s own membership, the missing release exhibit, OP 2’s conflicting approval exhibit and OP 3’s parcel identifier remain unresolved. Recorded lots, individual home closings, construction completion and occupancy remain separate measures.

The deeds and releases came from the package labeled October 31; November 1 related-name searches added the mortgages and borrower affidavits. The county displayed verification through **October 28** while already returning October 29 instruments. See the [register’s search scope and coverage](/records/#coverage).

## Sources

- Maryland SDAT: MWC WB SPV LLC, W26129718 (2026-11-01; public-record).  https://egov.maryland.gov/BusinessExpress/EntitySearch
- New York DOS: Okeechobee LH LLC, 6528045 (2026-11-01; public-record).  https://apps.dos.ny.gov/publicInquiry/
- Florida UCC debtor-name checks through October 27, 2026 (2026-11-01; public-record).  https://floridaucc.com/search?text=OKEECHOBEE+COMMUNITY+DEVELOPERS+LLC&searchOptionType=OrganizationDebtorName&searchOptionSubOption=FiledCompactDebtorNameList&searchCategory=Exact
- 8-lot deed to OCD RENT OP 1 LLC — instrument 202622003281 (2026-10-29; public-record). Instrument 202622003281; Official Records book/page 432/699; 3 PDF pages https://www.myfloridacounty.com/orisearch/22
- 8-lot deed to OCD RENT OP 2 LLC — instrument 202622003286 (2026-10-29; public-record). Instrument 202622003286; Official Records book/page 432/746; 3 PDF pages https://www.myfloridacounty.com/orisearch/22
- 9-lot deed to OCD RENT OP 3 LLC — instrument 202622003291 (2026-10-29; public-record). Instrument 202622003291; Official Records book/page 432/794; 3 PDF pages https://www.myfloridacounty.com/orisearch/22
- 8-lot deed to OCD RENT OP 4 LLC — instrument 202622003296 (2026-10-29; public-record). Instrument 202622003296; Official Records book/page 432/842; 3 PDF pages https://www.myfloridacounty.com/orisearch/22
- EB-5 partial release — 8 lots conveyed to OCD RENT OP 1 — instrument 202622003280 (2026-10-29; public-record). Instrument 202622003280; Official Records book/page 432/695; 4 PDF pages https://www.myfloridacounty.com/orisearch/22
- EB-5 partial release — property exhibit absent from supplied copy — instrument 202622003285 (2026-10-29; public-record). Instrument 202622003285; Official Records book/page 432/743; 3 PDF pages https://www.myfloridacounty.com/orisearch/22
- EB-5 partial release — 9 lots conveyed to OCD RENT OP 3 — instrument 202622003290 (2026-10-29; public-record). Instrument 202622003290; Official Records book/page 432/790; 4 PDF pages https://www.myfloridacounty.com/orisearch/22
- EB-5 partial release — 8 lots conveyed to OCD RENT OP 4 — instrument 202622003295 (2026-10-29; public-record). Instrument 202622003295; Official Records book/page 432/838; 4 PDF pages https://www.myfloridacounty.com/orisearch/22
- Developer LLC affidavit — 8 lots conveyed to OCD RENT OP 1 — instrument 202622003284 (2026-10-29; public-record). Instrument 202622003284; Official Records book/page 432/736; 7 PDF pages https://www.myfloridacounty.com/orisearch/22
- Developer LLC affidavit — 8 lots conveyed to OCD RENT OP 2 — instrument 202622003289 (2026-10-29; public-record). Instrument 202622003289; Official Records book/page 432/783; 7 PDF pages https://www.myfloridacounty.com/orisearch/22
- Developer LLC affidavit — 9 lots conveyed to OCD RENT OP 3 — instrument 202622003294 (2026-10-29; public-record). Instrument 202622003294; Official Records book/page 432/831; 7 PDF pages https://www.myfloridacounty.com/orisearch/22
- Developer LLC affidavit — 8 lots conveyed to OCD RENT OP 4 — instrument 202622003299 (2026-10-29; public-record). Instrument 202622003299; Official Records book/page 432/879; 7 PDF pages https://www.myfloridacounty.com/orisearch/22
- OCD RENT OP 1 LLC mortgage to MWC — $3,400,000, 8 lots — instrument 202622003282 (2026-10-29; public-record). Instrument 202622003282; Official Records book/page 432/702; 11 PDF pages https://www.myfloridacounty.com/orisearch/22
- OCD RENT OP 2 LLC mortgage to MWC — $3,600,000, 8 lots — instrument 202622003287 (2026-10-29; public-record). Instrument 202622003287; Official Records book/page 432/749; 11 PDF pages https://www.myfloridacounty.com/orisearch/22
- OCD RENT OP 3 LLC mortgage to MWC — $3,600,000, 9 lots — instrument 202622003292 (2026-10-29; public-record). Instrument 202622003292; Official Records book/page 432/797; 11 PDF pages https://www.myfloridacounty.com/orisearch/22
- OCD RENT OP 4 LLC mortgage to MWC — $3,400,000, 8 lots — instrument 202622003297 (2026-10-29; public-record). Instrument 202622003297; Official Records book/page 432/845; 11 PDF pages https://www.myfloridacounty.com/orisearch/22
- OCD RENT OP 1 LLC affidavit — members, manager and LH approval rights — instrument 202622003283 (2026-10-29; public-record). Instrument 202622003283; Official Records book/page 432/713; 23 PDF pages https://www.myfloridacounty.com/orisearch/22
- OCD RENT OP 2 LLC affidavit — members, manager and LH approval rights — instrument 202622003288 (2026-10-29; public-record). Instrument 202622003288; Official Records book/page 432/760; 23 PDF pages https://www.myfloridacounty.com/orisearch/22
- OCD RENT OP 3 LLC affidavit — members, manager and LH approval rights — instrument 202622003293 (2026-10-29; public-record). Instrument 202622003293; Official Records book/page 432/808; 23 PDF pages https://www.myfloridacounty.com/orisearch/22
- OCD RENT OP 4 LLC affidavit — members, manager and LH approval rights — instrument 202622003298 (2026-10-29; public-record). Instrument 202622003298; Official Records book/page 432/856; 23 PDF pages https://www.myfloridacounty.com/orisearch/22
- Beacon / QXO lien claim — Block 6, Lot 36 — instrument 202622003190 (2026-10-21; public-record). Instrument 202622003190; Official Records book/page 432/491; 1 PDF pages https://www.myfloridacounty.com/orisearch/22
- Beacon / QXO lien claim — Block 4, Lot 13 — instrument 202622003258 (2026-10-28; public-record). Instrument 202622003258; Official Records book/page 432/659; 1 PDF pages https://www.myfloridacounty.com/orisearch/22
- Beacon / QXO lien claim — Block 6, Lot 38 — instrument 202622003261 (2026-10-28; public-record). Instrument 202622003261; Official Records book/page 432/662; 1 PDF pages https://www.myfloridacounty.com/orisearch/22
- Glades County November 1 occupancy-certificate review: 303 permits screened (2026-11-01; public-record). 21 search result pages; 303 detail captures; 82 original certificate PDFs https://gladescounty.portal.iworq.net/GLADESCOUNTY/permits/600

Independent, unofficial reporting. https://lakefrontokeechobee.com/about/