OCD RENT OP 3 LLC mortgage to MWC — $3,600,000, 9 lots

What the record says#

• The mortgage is dated October 23, 2026, names OCD RENT OP 3 LLC as mortgagor and MWC WB SPV LLC, described as a Maryland limited liability company, as mortgagee, and was recorded October 29.

  PDF page 1

• The opening recital states a loan amount not to exceed $3,600,000, evidenced by one or more separately referenced promissory notes. It secures a broad defined set of present and future Obligations; the recital is not independent proof of cash disbursed.

  PDF page 1

• The collateral grant includes the described land, existing and future improvements and fixtures, and an assignment of leases and rents. Those clauses do not establish actual tenants or rental receipts.

  PDF page 2

• Section 1 covers advances and readvances within twenty years and states a maximum principal outstanding equal to double the face amount of the Note, plus specified interest, charges and protective advances. The twenty-year provision is a security term, not a stated loan maturity or evidence that additional funds were advanced.

  PDF pages 2, 3

• Section 2 contains the mortgagor’s warranty of fee-simple title and a valid first-priority mortgage lien. This is a contractual representation, not an independent determination of title or priority against other recorded claims.

  PDF page 3

• Section 9 requires the mortgagee’s prior written consent for the described property transfers, leases and membership-interest transfers. Sections 10–11 address defaults, acceleration, foreclosure, rent collection and receivership remedies; they do not report an actual default.

  PDF pages 4, 5, 6

• The recording stamp lists mortgage documentary tax of $12,600.00 and intangible tax of $7,200.00. These tax entries are not separate loan proceeds or a property sale price.

  PDF page 1

• The signature and acknowledgment identify JAM Equities LLC as the borrower’s manager and Jeff Akerman as JAM’s managing member signing for the borrower.

  PDF pages 9, 10

• Exhibit A describes 9 Phase 1 lots and lists their parcel identifiers. The legal descriptions match deed 202622003291 and the borrower affidavit’s primary Exhibit C on PDF page 10.

  PDF page 11

• The page 1 header lists the third parcel as S34-38-34-001-0005-0140. Exhibit A on page 11 instead describes Lot 14, Block 6 and gives S34-38-34-001-0006-0140, matching the deed and affidavit’s legal descriptions. This internal identifier discrepancy remains unresolved.

  PDF pages 1, 11

How to read this record#

The promissory note, loan agreement, closing statement and disbursement ledger are not supplied in this recorded mortgage. Interest rate, payment schedule, maturity, net proceeds, actual advances and current balance remain unestablished.

These corporate loan instruments are separate from the earlier EB-5 partial releases and from construction-lien claims. They do not establish how much, if anything, was paid to the developer or EB-5 lender, or whether any supplier claim was resolved.

Recorded collateral and stated first-priority language do not establish occupancy, rental operations, individual home closings or an independent title opinion.

The November 1, 2026 related-name package combines eight supplied all-date, both-party searches: OCD*, MWC*, LAKEFRONT*, EB5*, EB-5*, OKEECHOBEE LH*, CONSTRUCTION LOAN SERVICES* and OKEECHOBEE COMM*. Their deduplicated union contains 267 instruments versus the previous 255. Twelve are new: eleven PDFs with 150 pages and one judgment unavailable at source. The county displayed verification through October 28 while returning October 29 instruments. OKEECHOBEE LH* returned zero indexed matches; that does not negate roles stated inside attached agreements. These selected searches are not exhaustive of every related name or court docket.

Parcel links follow the expressly described lots in Exhibit A, corroborated by the deed and affidavit, rather than the conflicting third header ID. The discrepancy is preserved; no conclusion about the controlling legal description, correction or lien validity is made.

County index description#

LOT 22 BLK 5 LAKEFRONT ESTATES PHASE 1; LOT 16 BLK 5 LAKEFRONT ESTATES PHASE 1; LOT 14 BLK 6 LAKEFRONT ESTATES PHASE 1; LOT 21 BLK 5 LAKEFRONT ESTATES PHASE 1; LOT 13 BLK 6 LAKEFRONT ESTATES PHASE 1; LOT 15 BLK 3 LAKEFRONT ESTATES PHASE 1; LOT 36 BLK 6 LAKEFRONT ESTATES PHASE 1; LOT 5 BLK 4 LAKEFRONT ESTATES PHASE 1; LOT 37 BLK 6 LAKEFRONT ESTATES PHASE 1

The supplied name searches matched both From and To fields 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: $3,600,000.00. This is the index field, whose meaning depends on the instrument; it is not automatically a sale price or cash advanced.

Related recorded instruments#

• 202622003291 · 9-lot deed to OCD RENT OP 3 LLC
• 202622003290 · EB-5 partial release — 9 lots conveyed to OCD RENT OP 3
• 202622003294 · Developer LLC affidavit — 9 lots conveyed to OCD RENT OP 3
• 202622003293 · OCD RENT OP 3 LLC affidavit — members, manager and LH approval rights

Figures supported by this document#

• The November 1 related-name searches add twelve instruments to the earlier 255: eleven PDFs with 150 pages and one unavailable judgment known from the county index. At that stage the register contained 267 instruments, 266 available PDFs and 1,180 downloaded pages.
• Four mortgages to MWC WB SPV LLC, dated October 23 and recorded October 29, state loan amounts not to exceed $3.4 million, $3.6 million, $3.6 million and $3.4 million for OCD RENT OP 1–4 LLC, respectively. Their arithmetic sum is $14 million.

In the project timeline#

• October 29, 2026 · 9 lots conveyed to OCD RENT OP 3 LLC
• October 29, 2026 · OCD RENT OP 3 LLC: $3.6 million stated mortgage and company agreements

Reporting using this record#

• 33-lot transfers: $14 million in mortgages and the company-control terms
• 197 county instruments fill gaps in the Lakefront record

Retrieve the original#

Search the Glades County official-records portal using instrument 202622003292, or book 432, page 797. 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.