Paramount Condos Under New Ownership

The note for Paramount condos downtown Orlando

was purchased by a Nordic investment fund USO Norge Paramount Note LLC last summer, and Norge are now the proud owners of the 16-story Paramount at Lake Eola.

Paramount at Lake Eola condos features residential units with over a dozen different floor plans, of which the majority are unsold. Significant retail space also exists and of course the new Publix is underneath. Paramount is currently leasing the unsold units via ZOM and so with the new owner, the future of sales remains to be seen.

According to Orlando Business Journal sources, the note sold for around $50 million and the title change was described as a “friendly foreclosure.” 

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