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Legion Capital Announces Kissimmee, Fla., Development Sale to KB Home

Legion Capital Corporation, a private equity real estate lender, announced the sale of 19.05 acres within the Harmony master planned community in Kissimmee, Fla. Sold to KB Home, conjointly with a tenured client and borrower of Legion Capital, the parcel is zoned Commercial Tourist by Osceola County, which allows numerous forms of multifamily, condominium, short-term rental, retail, and lodging facility construction.

“We are pleased to announce the successful sale of the Harmony site,” said Paul Carrazzone, chief executive officer of Legion Capital. “We take pride in working closely with our borrowers through all phases of project development and while this transaction tested our team’s creativity, they skillfully effectuated a timely closing and monetization event beneficial to all parties.”

Platted for 58 lots, Legion expects the property to be completed with single-family homes, which is congruent with the surrounding developments. It is adjacent to Champions Gate, an upscale mixed-use resort destination comprising of single-family home neighborhoods, two world-class golf courses designed by hall of fame golfer Greg Norman, and numerous restaurants, office spaces, and shopping locations. The area has experienced sustained growth and development over the years as central Florida’s population has continued to rise.

Legion Capital is a private equity real estate lender providing growth capital to small- and medium-sized companies and real estate developers. Legion originates bridge funding, acquisition finance, development, and growth capital addressing a segment of small business lending that is underserved by banks and institutions. It serves investors and financial advisers through a suite of diversified equity and debt investment products, many of which offer yields, non-correlation to traditional financial markets, and defined liquidity dates.

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