A new 300-lot community of single-family homes and townhomes in Apopka is moving forward after an $18.5 million loan closed.
Situated on a prime 95-acre tract at 851 South Binion Road in Apopka, the community, which will be known as Eden Crest, will feature 31 acres of open space, conservation tracts and amenities, including a pool with cabanas, a tot lot and a dog park. It will be composed of 300 single-family homes and townhomes.
Positioned conveniently off SR 414 and Boy Scout Road, the Eden Crest community will help to meet the growing housing demands of the Central Florida market.
First Continental, a Houston-based lending company that specializes in residential lot acquisition and development financing, announced the closing of an $18.5 million loan for DDC Management, a Dayton, Ohio-based land development company, to build a residential community in Apopka, a suburb northwest of Orlando in Orange County.
Hartizen Homes, an Orlando-based residential homebuilder, will acquire the lots and spearhead the construction of the single-family and townhome units. The multi-phase development will include 184 lots slated for completion in the second quarter of 2025 in the first phase, and the remaining 116 lots will follow suit and are expected to be completed in 2027.
“We are pleased to have the opportunity to work with DDC Management as their lending partner for such a desirable and centrally located tract in Apopka,” said John Bonner, president of First Continental. “We expect Eden Crest to make a meaningful impact on the community and help fill the need for new housing in northwest Orlando.”
Since its inception two decades ago, DDC Management has developed over 5,000 lots for regional and national homebuilders, predominantly in the Midwest and Southeastern U.S. Currently, the group is managing 12 projects in Central Florida in various stages of development.
“First Continental’s ability to move fast will be instrumental in enabling us to complete and deliver this project promptly,” said Devin Duffy, chief financial officer at LeadWise, a holding company that owns DDC Management and Hartizen Homes. “As land availability and housing affordability challenge the Orlando market, the Apopka area has seen significant growth, and we are eager to help meet housing demands and contribute to the city’s development.”
Known for its natural beauty and abundant recreational offerings, including the scenic Wekiwa Springs State Park, Rock Springs Run State Reserve and the Lake Apopka Wildlife Trail, Apopka is a premier destination in Central Florida. The city also has convenient access to major shopping centers, entertainment, tourist destinations and two international airports – Orlando International and Sanford International Airports.
First Continental said it prides itself in having hyper-focused expertise in residential lot acquisition and development financing. First Continental has closed 25 loans in the first three months of the year, in excess of $181 million.
Photo credit by Aerial Innovations, Inc.
