Second amended and consolidated EB-5 construction mortgage

What the record says#

• The notice identifies $19,461,366.93 outstanding on the July 2024 senior note and $58,175,000 on the March 2025 amended EB-5 note, totaling $77,636,366.93.

  PDF pages 1, 3

• The recorder notice describes an additional $122,363,633.07 increase in indebtedness and a $200,000,000 second amended note. The maximum-principal clause separately limits recovery under the mortgage to $200,000,000.

  PDF pages 1, 2, 4

• Section 7.8 provides for releases of residential units for sale subject to the loan documents.

  PDF pages 19, 20

• Section 14.1 addresses advances within twenty years and contemplates secured indebtedness up to $400,000,000 with the stated agreement and acknowledgment conditions.

  PDF page 27

How to read this record#

The instrument's indebtedness recitals, maximum recovery and future-advance ceiling are preserved separately. They are not an independently reconciled ledger of cash disbursements, final investor subscriptions, or project capital.

The $58.175 million note and the offering document's approximately $92 million collective lender balance as of November 26, 2025 remain distinct dated observations.

County index description#

SECOND AMENDED AND RESTATED CONSTRUCTION MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXITURE FILING BY OKEECHOBEE COMMUNITY DEVELOPERS LLC TO EB-5 UNITED OKEECHOBEE LLC COMMENCE AT THE SW CORNER OF SEC4 TWP39S RNG34E

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: $122,363,633.07. This is the index field, whose meaning depends on the instrument; it is not automatically a sale price or cash advanced.

Related recorded instruments#

• 202422002203 · July 2024 construction mortgage: $28,039,591.17
• 202522001034 · First amended EB-5 construction mortgage
• 202622000042 · Assignment of the 2024 construction mortgage to EB-5 United
• 202622000043 · Termination of the 2024 intercreditor agreement

Figures supported by this document#

• The recorded EB-5 mortgage states a maximum principal of $200 million.
• The December 31, 2025 mortgage consolidation identifies an existing EB-5 note principal of $58,175,000.
• The July 31, 2024 Construction Loan Services II LLC mortgage states an original maximum principal of $28,039,591.17.
• The December 31, 2025 consolidation identifies an outstanding construction-loan balance of $19,461,366.93.
• The two balances explicitly identified for consolidation on December 31, 2025 total $77,636,366.93.
• Of those two named balances, the EB-5 note is about 74.93% and the construction-loan balance is about 25.07%.
• The December 31, 2025 instrument contains a future-advance provision contemplating a total ceiling of up to $400 million.
• The December 31, 2025 mortgage recites $122,363,633.07 of increased indebtedness in addition to $77,636,366.93 of identified existing debt, producing the stated $200 million consolidated indebtedness.

In the project timeline#

• July 31, 2024 · Senior construction financing dated
• March 12, 2025 · EB-5 amended mortgage dated
• December 31, 2025 · Construction mortgage amended, restated, and consolidated
• January 6, 2026 · Consolidated mortgage recorded

Reporting using this record#

• 197 county instruments fill gaps in the Lakefront record
• Why $15.1 million, $92 million, $200 million, and $400 million are different EB-5 figures
• Named participants and the roles public sources support
• What public records show about Lakefront financing
• Before Lakefront: the Glenn Harvey Planned Development

Retrieve the original#

Search the Glades County official-records portal using instrument 202622000044, or book 422, page 247. 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.