Owl's Head

Near the sun-soaked Gulf Coast beaches, this loan in Freeport, FL finances the acquisition and development of 155 acres entitled to 362 single-family lots. Marked by consistent population growth, the Crestview-Fort Walton-Destin MSA had an estimated population of 309,000 residents as of January 2024. The 2020 census reported a 228 percent population increase in Freeport over the previous decade, and this growth has continued in the years following. A new middle school is being built to meet the demands of the increasing population which will serve the Owls Head community once it is complete. The local school district is ranked #3 of 67 total districts statewide in Florida – up from #35 just six years prior. The loan was finalized in August 2024.