Los Angeles, Calif. – PCCP announced today that it has provided a $66 million senior construction loan to EMBREY for the development of Boggy Creek, a 300-unit, three-story, garden-style apartment community located within Lake Nona, a neighborhood of Orlando, FL. Situated on 13.3 acres at 3200 Post Oak Circle in Kissimmee, FL, the project is well-located in one of Orlando’s strongest and fastest growing suburbs and is just three miles from the 650-acre Lake Nona Medical City.

EMBREY’s Boggy Creek is planned for 300 apartment units with Class A finishes and amenities including screened balconies, a resort-style swimming pool, clubhouse, fitness center, and detached garages available for rent. Unit interiors will feature smart thermostats, wood-style flooring, granite countertops, tile backsplashes, side-by-side refrigerators, and spacious walk-in closets.  EMBREY has deep experience in the Orlando market, having developed over 2,000 units across the MSA. 

“PCCP is pleased to provide construction financing for Boggy Creek, in our view, a thoughtfully designed housing community in one of Orlando’s most dynamic and rapidly expanding submarkets. We believe Lake Nona’s population growth, strong employment fundamentals, and sustained demand for quality rental housing make this a compelling project,” said Andrew Barbakoff with PCCP.

Boggy Creek sits within the high-growth Orlando suburb of Lake Nona, which has experienced more than 30% cumulative population growth since 2020 with another 12% projected within five miles of the project by 2030. It is situated along Boggy Creek Road and is just 1.6 miles south of SR-417, which provides regional connectivity across Orlando. Additionally, the site will offer residents proximity to Orlando’s most important job centers including Lake Nona Medical City (3.2 miles), KPMG’s $500 million training facility (5.6 miles), Orlando International Airport (5.9 miles), and amusement parks (25 miles).