Published
Lakefront is financed through several layers rather than one pot of money.
The December 2025 offering document describes developer equity as part of the land purchase, without stating a current total of equity contributed. It reports a construction loan around $20 million outstanding in October 2025, at 9.99 percent, with maturity then stated as January 21, 2026. A later recorded mortgage identifies a construction balance of $19,461,366.93 being consolidated.
The same offering document reports a collective EB-5 loan of about $92 million outstanding on November 26, 2025, from EB-5 United Okeechobee LLC and EB-5 United Okeechobee II LLC, against a $200 million maximum principal. Maximum principal is the contractual ceiling. It is not a statement that $200 million had been disbursed.
Buyer deposits are a separate reported figure: about $325,000 received as of November 2025, tied to contracts that called for about $25,000 each. That is not a current deposit total.
The district’s own debt is different again. Series 2025 special assessment bonds were issued at $8.99 million on December 23, 2025. A 2023 resolution authorized not exceeding $132 million. Authorization is not issuance.
EB-5 is one of the largest documented private-debt sources. The percentage of the development’s total capital supplied by EB-5 cannot yet be calculated, because equity and the other layers are not fully disclosed. A grant application claim of more than $800 million in combined financing is not treated as cash already invested.
This page is a report of those records. It is not an offer to invest and it does not rate any security.
Sources for this report
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Lakefront Estates CDD Limited Offering Memorandum / Official Statement
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Second Amended and Restated Construction Mortgage, recorded January 6, 2026
Instrument 202622000044, Official Records Book 422, Page 247
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Lakefront Estates Community Development District website
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Florida Job Growth Grant proposal attributed to Okeechobee Utility Authority
A combined-financing claim in this filing is not treated as cash already invested.
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