First amended EB-5 construction mortgage

What the record says#

• The amended note principal is $58,175,000.

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• The recorder notice identifies $25,000,000 outstanding under the January 25, 2024 note and a $33,175,000 increase in indebtedness made on the amendment date.

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• The recorded tax stamps are $116,112.50 documentary mortgage tax and $66,350 intangible tax.

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How to read this record#

This explains the source of the $58.175 million note later cited in the consolidation. It does not reconcile that note with the offering document's approximately $92 million collective lender balance in November 2025.

County index description#

INSTRUMENT 202422000492 METES & BNDS

The supplied name searches matched the From field in the county index. The source context below preserves the matched names and search scope. Index labels do not substitute for the parties’ roles stated in the document.

County index consideration field: $33,175,000.00. This is the index field, whose meaning depends on the instrument; it is not automatically a sale price or cash advanced.

Related recorded instruments#

• 202422000492 · Original EB-5 construction mortgage
• 202622000044 · Second amended and consolidated EB-5 construction mortgage

Figures supported by this document#

• The March 12, 2025 amended EB-5 mortgage states total principal of $58,175,000, comprising the earlier $25 million and an increase of $33,175,000.

In the project timeline#

• March 12, 2025 · EB-5 amended mortgage dated

Reporting using this record#

• 197 county instruments fill gaps in the Lakefront record
• What public filings report about project spending
• What public records show about Lakefront financing

Retrieve the original#

Search the Glades County official-records portal using instrument 202522001034, or book 413, page 535. County image-session links can expire.

Summaries identify the source pages. The original PDF controls if a transcription differs. Glades County records have been checked through Oct 28, 2026; see the collection scope. Acquisition dates and the limits of earlier collection batches remain in the source entries.