CRONHEIM MORTGAGE ARRANGES $18,000,000

FOR HUDSON LAKE RANCHES IN OKEECHOBEE, FLORIDA

Okeechobee, FL – Andrew Stewart and Dev Morris have arranged an $18,000,000 financing facility for a 1,008 acre site, known as Hudson Lake Ranches, that is being developed in 98 home sites of 5 to 20 acres in size. The property is one of the largest properties to be decommissioned as a dairy farm in all of Florida.

The subject is a private equestrian community, catering to horse-lovers with attractions such as community stables, high quality horse care, and a-la-carte as well as concierge services available to all horse owners. Additionally, Hudson Lake Ranches affords community members a select lesson and training program. Ranches sales center is currently under construction and is nearing completion and will afford to-scale models of the property as well as assisting in the sales effort.

The subject property is located at 6908 Highway 98 North in Okeechobee, Okeechobee County, Florida. Okeechobee County is inland with its southern boundary on Lake Okeechobee. It forms the western boundary of the Treasure Coast region. The Okeechobee County Airport, located within five miles of the subject property, serves the subject property. The subject property’s location also makes it a fitting candidate for the development movement known as New Ruralism, which fills the investors’ needs of finding projects that will afford them low taxes, flexible building timelines, and wide array of site sizes.