{
  "publisher": "Lakefront Okeechobee Report",
  "website": "https://lakefrontokeechobee.com/",
  "coverage_through": "2026-10-07",
  "records_verified_through": "2026-09-24",
  "methodology": "https://lakefrontokeechobee.com/about/",
  "reuse": "https://lakefrontokeechobee.com/copyright/#reuse",
  "qualification": "Source dates apply to individual records. Estimates, limits, listing prices, and recorded transactions are different measures. This is an independent, unofficial record, not a complete registry.",
  "records": [
    {
      "id": "location-glades",
      "claim": "The project land is in unincorporated Glades County, Florida, described in official materials as east of State Road 78 and north of Tomato Grade Road. Marketing uses an Okeechobee address identity. That is not the same as a location in Okeechobee County.",
      "display": "Glades County",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "other",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#location-glades"
    },
    {
      "id": "project-acres",
      "claim": "Approximate development size is 525 to 526 gross acres, depending on document rounding.",
      "value": 525,
      "unit": "acres",
      "display": "525–526 acres",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "size",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#project-acres"
    },
    {
      "id": "planned-units",
      "claim": "Planned residential buildout is approximately 1,300 residential units.",
      "value": 1300,
      "unit": "units",
      "display": "About 1,300 homes",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "plan",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#planned-units"
    },
    {
      "id": "townhome-starting-rent-2025",
      "claim": "The December 2025 offering document expected townhome starting rents of approximately $3,500 per month.",
      "value": 3500,
      "unit": "USD/month",
      "display": "$3,500/month",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "estimate",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "notes": "Historical expected starting monthly rent, not a purchase price or a current rental quote.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#townhome-starting-rent-2025"
    },
    {
      "id": "duplex-starting-price-2025",
      "claim": "The December 2025 offering document expected paired duplex starting sale prices of approximately $535,000.",
      "value": 535000,
      "unit": "USD",
      "display": "$535,000",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "estimate",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "notes": "Historical expected starting sale price, not a current listing price or recorded closing price.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#duplex-starting-price-2025"
    },
    {
      "id": "single-family-starting-prices-2025",
      "claim": "The December 2025 offering document expected starting single-family sale prices to range from approximately $460,000 to $1.2 million.",
      "display": "$460,000–$1.2 million",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "estimate",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "notes": "This range covers the single-family products collectively. It does not establish an individual starting price for Ranch, Emerald, Luxor, or Majestic. These are historical expectations, not current quotes.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#single-family-starting-prices-2025"
    },
    {
      "id": "commercial-sf-versions",
      "claim": "Commercial square footage is not a single settled number. One offering-document summary describes approximately 780,000 square feet of commercial uses. A methodology table contains 30,697 square feet of commercial-religious uses plus 806,585 square feet of other commercial uses.",
      "as_of": "2025-12-11",
      "status": "conflicting-sources",
      "interpretation": "plan",
      "source_ids": [
        "cdd-os-2025-12-11",
        "engineer-2024-02"
      ],
      "notes": "Both commercial-area figures are shown. They come from different tables.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#commercial-sf-versions"
    },
    {
      "id": "aa1-acres",
      "claim": "Assessment Area One / Phase 1A is approximately 132.53 gross acres.",
      "value": 132.53,
      "unit": "acres",
      "display": "132.53 acres",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "size",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#aa1-acres"
    },
    {
      "id": "aa1-units",
      "claim": "Assessment Area One plans 199 residential units.",
      "value": 199,
      "unit": "units",
      "display": "199 homes in Area One",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "plan",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#aa1-units"
    },
    {
      "id": "aa1-commercial",
      "claim": "Assessment Area One plans approximately 209,836 square feet of commercial uses.",
      "value": 209836,
      "unit": "sqft",
      "display": "About 209,836 sq ft",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "plan",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#aa1-commercial"
    },
    {
      "id": "target-market",
      "claim": "A December 2025 offering document described the target market as the Ultra-Orthodox Jewish community in the Northeast U.S.",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "other",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "notes": "This is the document's statement. It is not this site's housing preference, and it is not a classification of any resident or buyer.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#target-market"
    },
    {
      "id": "open-to-all",
      "claim": "The same project materials state that the development is open to all buyers.",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "other",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#open-to-all"
    },
    {
      "id": "developer-sole",
      "claim": "The December 2025 CDD offering document describes Okeechobee Community Developers LLC as the sole landowner and developer at that time.",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "ownership",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#developer-sole"
    },
    {
      "id": "ownership-split",
      "claim": "Direct membership interests in Okeechobee Community Developers LLC are reported as JAM Equities LLC 50%, Okeechobee LH LLC 21.25%, Okeechobee Member LLC 18.75%, and Okeechobee SPV Holdings I LLC 10%.",
      "display": "JAM 50% · LH 21.25% · Member 18.75% · SPV 10%",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "ownership",
      "source_ids": [
        "cdd-os-2025-12-11",
        "cdd-packet-2025-04-09"
      ],
      "notes": "These are membership interests of the named LLCs, not personal shares.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#ownership-split"
    },
    {
      "id": "jam-sole-manager",
      "claim": "JAM Equities LLC is identified as the sole manager of Okeechobee Community Developers LLC.",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "other",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "notes": "Manager is not the same thing as 100% economic ownership.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#jam-sole-manager"
    },
    {
      "id": "land-cost-13-9",
      "claim": "December 2025 CDD documentation states the approximately 525-acre land was acquired for about $13.9 million.",
      "value": 13900000,
      "unit": "USD",
      "display": "About $13.9 million",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "reported-spend",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "notes": "About $3.5 million of the purchase price was attributed to Assessment Area One. The recorded deed's stated consideration has not been separately confirmed.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#land-cost-13-9"
    },
    {
      "id": "land-aa1-portion",
      "claim": "About $3.5 million of the land purchase price was attributed to Assessment Area One.",
      "value": 3500000,
      "unit": "USD",
      "display": "About $3.5 million",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "reported-spend",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#land-aa1-portion"
    },
    {
      "id": "land-cost-8-9",
      "claim": "An earlier summary used an approximately $8.9 million land-purchase figure.",
      "value": 8900000,
      "unit": "USD",
      "display": "About $8.9 million",
      "as_of": "2025-12-11",
      "status": "superseded",
      "interpretation": "reported-spend",
      "source_ids": [
        "research-brief"
      ],
      "notes": "Superseded. The deed's stated consideration has not been separately confirmed.",
      "superseded_by": "land-cost-13-9",
      "citation_url": "https://lakefrontokeechobee.com/claims/#land-cost-8-9"
    },
    {
      "id": "eb5-maximum-200",
      "claim": "The recorded EB-5 mortgage states a maximum principal of $200 million.",
      "value": 200000000,
      "unit": "USD",
      "display": "$200 million maximum",
      "as_of": "2025-11-26",
      "status": "official-offering-document",
      "interpretation": "maximum-principal",
      "source_ids": [
        "cdd-os-2025-12-11",
        "mortgage-2025-12-31"
      ],
      "notes": "Maximum principal is a contractual ceiling. It is not an amount disbursed.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#eb5-maximum-200"
    },
    {
      "id": "eb5-outstanding-92",
      "claim": "The collective EB-5 loan from EB-5 United Okeechobee LLC and EB-5 United Okeechobee II LLC was reported as approximately $92 million outstanding.",
      "value": 92000000,
      "unit": "USD",
      "display": "About $92 million outstanding",
      "as_of": "2025-11-26",
      "status": "official-offering-document",
      "interpretation": "outstanding-balance",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "notes": "Outstanding principal on this date is not Form D amount sold and is not final investor subscriptions.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#eb5-outstanding-92"
    },
    {
      "id": "eb5-interest-maturity",
      "claim": "The December 2025 offering document reports EB-5 interest of 7% per annum, payable monthly, with final maturity in June 2028 and two one-year extension options.",
      "as_of": "2025-11-26",
      "status": "official-offering-document",
      "interpretation": "other",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#eb5-interest-maturity"
    },
    {
      "id": "form-d-fund-i-size",
      "claim": "The October 24, 2023 Form D for EB5 United Okeechobee LLC reports an offering size of $100 million.",
      "value": 100000000,
      "unit": "USD",
      "display": "$100 million offering size",
      "as_of": "2023-10-24",
      "status": "sec-filing",
      "interpretation": "offering-size",
      "source_ids": [
        "sec-form-d-fund-i"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#form-d-fund-i-size"
    },
    {
      "id": "form-d-fund-i-sold",
      "claim": "The October 24, 2023 Form D for EB5 United Okeechobee LLC reports $10.45 million sold as of that filing.",
      "value": 10450000,
      "unit": "USD",
      "display": "$10.45 million amount sold",
      "as_of": "2023-10-24",
      "status": "sec-filing",
      "interpretation": "amount-sold",
      "source_ids": [
        "sec-form-d-fund-i"
      ],
      "notes": "Amount sold in this filing is not a final raise and is not an outstanding loan balance.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#form-d-fund-i-sold"
    },
    {
      "id": "form-d-fund-ii-size",
      "claim": "The August 26, 2025 Form D for EB5 United Okeechobee II LLC reports an offering size of $100 million.",
      "value": 100000000,
      "unit": "USD",
      "display": "$100 million offering size",
      "as_of": "2025-08-26",
      "status": "sec-filing",
      "interpretation": "offering-size",
      "source_ids": [
        "sec-form-d-fund-ii"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#form-d-fund-ii-size"
    },
    {
      "id": "form-d-fund-ii-sold",
      "claim": "The August 26, 2025 Form D for EB5 United Okeechobee II LLC reports $4,650,100 sold as of that filing.",
      "value": 4650100,
      "unit": "USD",
      "display": "$4,650,100 amount sold",
      "as_of": "2025-08-26",
      "status": "sec-filing",
      "interpretation": "amount-sold",
      "source_ids": [
        "sec-form-d-fund-ii"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#form-d-fund-ii-sold"
    },
    {
      "id": "form-d-sold-sum",
      "claim": "Adding the two Form D amount-sold snapshots produces $15,100,100.",
      "value": 15100100,
      "unit": "USD",
      "display": "$15,100,100 combined snapshots",
      "as_of": "2025-08-26",
      "status": "derived",
      "interpretation": "amount-sold",
      "source_ids": [
        "sec-form-d-fund-i",
        "sec-form-d-fund-ii"
      ],
      "notes": "Arithmetic sum of two filings from different dates. Not the project's total EB-5 raise.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#form-d-sold-sum"
    },
    {
      "id": "eb5-note-58175",
      "claim": "The December 31, 2025 mortgage consolidation identifies an existing EB-5 note principal of $58,175,000.",
      "value": 58175000,
      "unit": "USD",
      "display": "$58,175,000 note principal",
      "as_of": "2025-12-31",
      "status": "public-record",
      "interpretation": "outstanding-balance",
      "source_ids": [
        "mortgage-2025-12-31"
      ],
      "notes": "This figure is kept separate from the approximately $92 million collective balance reported as of November 26, 2025.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#eb5-note-58175"
    },
    {
      "id": "construction-max-original",
      "claim": "Construction Loan Services II LLC senior financing is later described with an original maximum principal of $28,039,591.17.",
      "value": 28039591.17,
      "unit": "USD",
      "display": "$28,039,591.17 original maximum",
      "as_of": "2024-07-31",
      "status": "public-record",
      "interpretation": "maximum-principal",
      "source_ids": [
        "mortgage-2025-12-31"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#construction-max-original"
    },
    {
      "id": "construction-outstanding-2025-12-31",
      "claim": "The December 31, 2025 consolidation identifies an outstanding construction-loan balance of $19,461,366.93.",
      "value": 19461366.93,
      "unit": "USD",
      "display": "$19,461,366.93 outstanding",
      "as_of": "2025-12-31",
      "status": "public-record",
      "interpretation": "outstanding-balance",
      "source_ids": [
        "mortgage-2025-12-31"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#construction-outstanding-2025-12-31"
    },
    {
      "id": "construction-outstanding-oct-2025",
      "claim": "The December 2025 offering document reports the construction loan at approximately $20 million outstanding, with interest of 9.99% payable monthly and final maturity then stated as January 21, 2026.",
      "value": 20000000,
      "unit": "USD",
      "display": "About $20 million outstanding",
      "as_of": "2025-10-01",
      "status": "official-offering-document",
      "interpretation": "outstanding-balance",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "notes": "The offering document gives October 2025, not a specific day. The later recorded balance is a separate figure.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#construction-outstanding-oct-2025"
    },
    {
      "id": "consolidated-existing-debt",
      "claim": "The two balances explicitly identified for consolidation on December 31, 2025 total $77,636,366.93.",
      "value": 77636366.93,
      "unit": "USD",
      "display": "$77,636,366.93 consolidated existing balances",
      "as_of": "2025-12-31",
      "status": "derived",
      "interpretation": "outstanding-balance",
      "source_ids": [
        "mortgage-2025-12-31"
      ],
      "notes": "Sum of the $58,175,000 EB-5 note and the $19,461,366.93 construction-loan balance named in the instrument. Not total project capital.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#consolidated-existing-debt"
    },
    {
      "id": "consolidation-share",
      "claim": "Of those two named balances, the EB-5 note is about 74.93% and the construction-loan balance is about 25.07%.",
      "as_of": "2025-12-31",
      "status": "derived",
      "interpretation": "other",
      "source_ids": [
        "mortgage-2025-12-31"
      ],
      "notes": "Share of the two balances being consolidated. Not the funding mix of the entire project.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#consolidation-share"
    },
    {
      "id": "future-advance-400",
      "claim": "The December 31, 2025 instrument contains a future-advance provision contemplating a total ceiling of up to $400 million.",
      "value": 400000000,
      "unit": "USD",
      "display": "$400 million future-advance ceiling",
      "as_of": "2025-12-31",
      "status": "public-record",
      "interpretation": "future-advance-ceiling",
      "source_ids": [
        "mortgage-2025-12-31"
      ],
      "notes": "A ceiling is not money lent.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#future-advance-400"
    },
    {
      "id": "cdd-authorization-132",
      "claim": "CDD Resolution No. 2023-30 authorized issuance of not exceeding $132 million aggregate principal amount of bonds.",
      "value": 132000000,
      "unit": "USD",
      "display": "$132 million authorization ceiling",
      "as_of": "2023-12-20",
      "status": "official-offering-document",
      "interpretation": "authorization",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "notes": "Authorization is not issuance.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#cdd-authorization-132"
    },
    {
      "id": "cdd-plan-135",
      "claim": "A master assessment methodology used planning assumptions of approximately $135 million maximum bond size.",
      "value": 135000000,
      "unit": "USD",
      "display": "About $135 million planning assumption",
      "as_of": "2024-02-01",
      "status": "official-offering-document",
      "interpretation": "authorization",
      "source_ids": [
        "engineer-2024-02",
        "cdd-os-2025-12-11"
      ],
      "notes": "Planning capacity is not debt issued.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#cdd-plan-135"
    },
    {
      "id": "cdd-issued-899",
      "claim": "Series 2025 Special Assessment Bonds for Assessment Area One were issued in the aggregate principal amount of $8.99 million.",
      "value": 8990000,
      "unit": "USD",
      "display": "$8.99 million issued",
      "as_of": "2025-12-23",
      "status": "official-offering-document",
      "interpretation": "issued-debt",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#cdd-issued-899"
    },
    {
      "id": "cdd-net-proceeds",
      "claim": "Net proceeds reported available to the District for construction or acquisition from the Series 2025 bonds were $7,748,948.06.",
      "value": 7748948.06,
      "unit": "USD",
      "display": "$7,748,948.06 net proceeds",
      "as_of": "2025-12-23",
      "status": "official-offering-document",
      "interpretation": "other",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#cdd-net-proceeds"
    },
    {
      "id": "spend-land",
      "claim": "As of October 2025, the developer reported approximately $34.59 million to $35 million in land-development costs.",
      "value": 35000000,
      "unit": "USD",
      "display": "About $35 million",
      "as_of": "2025-10-01",
      "status": "developer-reported",
      "interpretation": "reported-spend",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#spend-land"
    },
    {
      "id": "spend-vertical",
      "claim": "As of October 2025, the developer reported approximately $18 million in vertical construction spending.",
      "value": 18000000,
      "unit": "USD",
      "display": "About $18 million",
      "as_of": "2025-10-01",
      "status": "developer-reported",
      "interpretation": "reported-spend",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#spend-vertical"
    },
    {
      "id": "spend-general",
      "claim": "As of October 2025, the developer reported approximately $3.5 million in general conditions.",
      "value": 3500000,
      "unit": "USD",
      "display": "About $3.5 million",
      "as_of": "2025-10-01",
      "status": "developer-reported",
      "interpretation": "reported-spend",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#spend-general"
    },
    {
      "id": "spend-combined-soft",
      "claim": "As of October 2025, the developer reported approximately $33 million in a combined category of architecture and engineering, consulting, marketing, and financing costs.",
      "value": 33000000,
      "unit": "USD",
      "display": "About $33 million combined",
      "as_of": "2025-10-01",
      "status": "developer-reported",
      "interpretation": "reported-spend",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "notes": "Marketing is not isolated inside this category.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#spend-combined-soft"
    },
    {
      "id": "cip-121",
      "claim": "February 2024 master methodology materials include a project-cost estimate of $121,548,650 including contingency.",
      "value": 121548650,
      "unit": "USD",
      "display": "$121,548,650 estimate",
      "as_of": "2024-02-01",
      "status": "official-offering-document",
      "interpretation": "estimate",
      "source_ids": [
        "engineer-2024-02"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#cip-121"
    },
    {
      "id": "cip-110",
      "claim": "The same engineer material describes a pre-contingency capital-improvement total of approximately $110,498,773.",
      "value": 110498773,
      "unit": "USD",
      "display": "About $110.5 million before contingency",
      "as_of": "2024-02-01",
      "status": "official-offering-document",
      "interpretation": "estimate",
      "source_ids": [
        "engineer-2024-02"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#cip-110"
    },
    {
      "id": "cip-119",
      "claim": "A separate project-description exhibit showed a total of $119,776,493.",
      "value": 119776493,
      "unit": "USD",
      "display": "$119,776,493 alternate exhibit",
      "as_of": "2024-02-01",
      "status": "conflicting-sources",
      "interpretation": "estimate",
      "source_ids": [
        "engineer-2024-02"
      ],
      "notes": "Different lighting and contingency treatment. The tables are not collapsed into one total.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#cip-119"
    },
    {
      "id": "aa1-estimate-28",
      "claim": "The Series 2025 estimated project for Assessment Area One totals $28,560,055.",
      "value": 28560055,
      "unit": "USD",
      "display": "$28,560,055 estimate",
      "as_of": "2025-12-11",
      "status": "official-offering-document",
      "interpretation": "estimate",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#aa1-estimate-28"
    },
    {
      "id": "budget-om",
      "claim": "The fiscal 2026-27 CDD budget identifies O&M assessments of $122,646.",
      "value": 122646,
      "unit": "USD",
      "display": "$122,646 O&M assessments",
      "as_of": "2026-10-01",
      "status": "official-offering-document",
      "interpretation": "other",
      "source_ids": [
        "cdd-budget-fy2027"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#budget-om"
    },
    {
      "id": "budget-debt",
      "claim": "The fiscal 2026-27 CDD budget identifies debt assessments of $726,435.",
      "value": 726435,
      "unit": "USD",
      "display": "$726,435 debt assessments",
      "as_of": "2026-10-01",
      "status": "official-offering-document",
      "interpretation": "other",
      "source_ids": [
        "cdd-budget-fy2027"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#budget-debt"
    },
    {
      "id": "budget-interest",
      "claim": "The fiscal 2026-27 CDD budget identifies interest income of $180.",
      "value": 180,
      "unit": "USD",
      "display": "$180 interest income",
      "as_of": "2026-10-01",
      "status": "official-offering-document",
      "interpretation": "other",
      "source_ids": [
        "cdd-budget-fy2027"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#budget-interest"
    },
    {
      "id": "budget-total",
      "claim": "The fiscal 2026-27 CDD budget identifies total budgeted revenue of $849,261.",
      "value": 849261,
      "unit": "USD",
      "display": "$849,261 budgeted revenue",
      "as_of": "2026-10-01",
      "status": "official-offering-document",
      "interpretation": "other",
      "source_ids": [
        "cdd-budget-fy2027"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#budget-total"
    },
    {
      "id": "budget-bond-provision",
      "claim": "The fiscal 2026-27 CDD budget includes a provision for bond payments of $668,320.",
      "value": 668320,
      "unit": "USD",
      "display": "$668,320 bond-payment provision",
      "as_of": "2026-10-01",
      "status": "official-offering-document",
      "interpretation": "other",
      "source_ids": [
        "cdd-budget-fy2027"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#budget-bond-provision"
    },
    {
      "id": "sales-contracts-15",
      "claim": "By November 2025, approximately 15 homes were reported sold to homebuyers at an average sales price of $560,000. Closings were still expected later, so this is a developer-reported contract figure.",
      "value": 15,
      "unit": "contracts",
      "display": "About 15 developer-reported contracts",
      "as_of": "2025-11-01",
      "status": "developer-reported",
      "interpretation": "other",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "notes": "Not recorded deed closings.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#sales-contracts-15"
    },
    {
      "id": "deposits-2025-11",
      "claim": "Home sale contracts were reported to require approximately a $25,000 nonrefundable deposit, with approximately $325,000 in deposits reported received.",
      "value": 325000,
      "unit": "USD",
      "display": "About $325,000 deposits reported",
      "as_of": "2025-11-01",
      "status": "developer-reported",
      "interpretation": "reported-spend",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#deposits-2025-11"
    },
    {
      "id": "models-and-construction",
      "claim": "By November 2025, seven model homes were reported constructed and approximately 52 homes were reported under construction, with approximately 25 more expected to start in December 2025.",
      "as_of": "2025-11-01",
      "status": "developer-reported",
      "interpretation": "other",
      "source_ids": [
        "cdd-os-2025-12-11"
      ],
      "citation_url": "https://lakefrontokeechobee.com/claims/#models-and-construction"
    },
    {
      "id": "county-record-lag",
      "claim": "As of October 7, 2026, the Glades County public-record index was verified only through September 24, 2026.",
      "as_of": "2026-10-07",
      "status": "public-record",
      "interpretation": "other",
      "source_ids": [
        "mortgage-2025-12-31"
      ],
      "notes": "Absence of a located deed is not proof that no closing occurred.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#county-record-lag"
    },
    {
      "id": "recorded-closings-count",
      "claim": "No individual home deed closing is confirmed as of October 7, 2026.",
      "value": 0,
      "unit": "deeds",
      "display": "0 confirmed recorded closings",
      "as_of": "2026-10-07",
      "status": "public-record",
      "interpretation": "other",
      "source_ids": [
        "research-brief"
      ],
      "notes": "The county index ran through September 24, 2026, so this is not proof that no closing occurred.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#recorded-closings-count"
    },
    {
      "id": "eb5-fully-subscribed-statement",
      "claim": "EB5 United's project-status page described Lakefront as fully subscribed, closed to new investors, and the raise complete as of its September 2026 project status. That page did not state an exact final dollar total.",
      "as_of": "2026-09-01",
      "status": "company-statement",
      "interpretation": "other",
      "source_ids": [
        "eb5-united-status"
      ],
      "notes": "A sponsor's \"fully subscribed\" statement is not an audited subscription total.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#eb5-fully-subscribed-statement"
    },
    {
      "id": "grant-800",
      "claim": "A December 2025 government grant application claims more than $800 million in combined financing for the overall development. The filing does not break that figure down enough to treat it as cash already invested.",
      "value": 800000000,
      "unit": "USD",
      "display": "More than $800 million claimed",
      "as_of": "2025-12-10",
      "status": "public-record",
      "interpretation": "other",
      "source_ids": [
        "grant-application-2025-12-10"
      ],
      "notes": "Not treated as cash already invested.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#grant-800"
    },
    {
      "id": "pivot-role-unknown-amount",
      "claim": "Public sources reviewed through October 7, 2026 identify Pivot Group as having a marketing role in connection with Lakefront. Those sources do not disclose a Lakefront contract amount or isolate Pivot's compensation.",
      "as_of": "2026-10-07",
      "status": "company-statement",
      "interpretation": "other",
      "source_ids": [
        "research-brief",
        "cdd-os-2025-12-11"
      ],
      "notes": "The $33 million combined category is not Pivot Group's fee.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#pivot-role-unknown-amount"
    },
    {
      "id": "cdd-board-member-affiliation-2024",
      "claim": "The audit for the fiscal year ended September 30, 2024 reported that all CDD board members at that time were affiliated with Okeechobee Member LLC.",
      "as_of": "2024-09-30",
      "status": "official-offering-document",
      "interpretation": "other",
      "source_ids": [
        "cdd-audit-2024"
      ],
      "notes": "Dated governance fact. Not proof of personal ownership of the developer.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#cdd-board-member-affiliation-2024"
    },
    {
      "id": "stedem-sponsor-50",
      "claim": "An investment-adviser report disclosed that Brad Stedem had 50% ownership of EB-5 United LLC, a sponsor-level business.",
      "as_of": "2026-10-07",
      "status": "sec-filing",
      "interpretation": "ownership",
      "source_ids": [
        "adviserinfo-stedem"
      ],
      "notes": "This is not 50% of EB5 United Okeechobee LLC, not 50% of the Lakefront loan, and not 50% of the project.",
      "citation_url": "https://lakefrontokeechobee.com/claims/#stedem-sponsor-50"
    }
  ],
  "sources": [
    {
      "id": "cdd-os-2025-12-11",
      "title": "Lakefront Estates CDD Limited Offering Memorandum / Official Statement",
      "url": null,
      "source_type": "official-offering-document",
      "date": "2025-12-11",
      "primary": true,
      "citation_url": "https://lakefrontokeechobee.com/sources/#cdd-os-2025-12-11"
    },
    {
      "id": "mortgage-2025-12-31",
      "title": "Second Amended and Restated Construction Mortgage, recorded January 6, 2026",
      "url": "https://www.myfloridacounty.com/orisearch/22",
      "source_type": "public-record",
      "date": "2025-12-31",
      "primary": true,
      "page_or_section": "Instrument 202622000044, Official Records Book 422, Page 247",
      "citation_url": "https://lakefrontokeechobee.com/sources/#mortgage-2025-12-31"
    },
    {
      "id": "sec-form-d-fund-i",
      "title": "SEC Form D, EB5 United Okeechobee LLC",
      "url": "https://www.sec.gov/Archives/edgar/data/1997576/000199757623000001/xslFormDX01/primary_doc.xml",
      "source_type": "sec-filing",
      "date": "2023-10-24",
      "primary": true,
      "citation_url": "https://lakefrontokeechobee.com/sources/#sec-form-d-fund-i"
    },
    {
      "id": "sec-form-d-fund-ii",
      "title": "SEC Form D, EB5 United Okeechobee II LLC",
      "url": "https://www.sec.gov/Archives/edgar/data/2076158/000207615825000001/xslFormDX08/primary_doc.xml",
      "source_type": "sec-filing",
      "date": "2025-08-26",
      "primary": true,
      "citation_url": "https://lakefrontokeechobee.com/sources/#sec-form-d-fund-ii"
    },
    {
      "id": "cdd-packet-2025-04-09",
      "title": "Lakefront Estates CDD April 9, 2025 regular meeting book",
      "url": "https://lakefrontestatescdd.org/wp-content/uploads/2025/04/LFE-2024-04-09-Regular-Board-Meeting-Book-1.pdf",
      "source_type": "official-offering-document",
      "date": "2025-04-09",
      "primary": true,
      "citation_url": "https://lakefrontokeechobee.com/sources/#cdd-packet-2025-04-09"
    },
    {
      "id": "cdd-budget-fy2027",
      "title": "Lakefront Estates CDD fiscal year 2026-27 budget",
      "url": "https://lakefrontestatescdd.org/wp-content/uploads/2026/04/LFE-Final-Budget-2026-2027.pdf",
      "source_type": "official-offering-document",
      "date": "2026-10-01",
      "primary": true,
      "notes": "Budget year beginning October 1, 2026.",
      "citation_url": "https://lakefrontokeechobee.com/sources/#cdd-budget-fy2027"
    },
    {
      "id": "cdd-audit-2024",
      "title": "Lakefront Estates CDD audit for the year ended September 30, 2024",
      "url": "https://lakefrontestatescdd.org/wp-content/uploads/2025/06/2024-FINAL-REPORT-LAKEFRONT-ESTATES-CDD.pdf",
      "source_type": "official-offering-document",
      "date": "2024-09-30",
      "primary": true,
      "citation_url": "https://lakefrontokeechobee.com/sources/#cdd-audit-2024"
    },
    {
      "id": "cdd-site",
      "title": "Lakefront Estates Community Development District website",
      "url": "https://lakefrontestatescdd.org/",
      "source_type": "official-offering-document",
      "date": "2026-10-07",
      "primary": true,
      "citation_url": "https://lakefrontokeechobee.com/sources/#cdd-site"
    },
    {
      "id": "ordinance-context",
      "title": "Glades County ordinance and development-agreement records cited in later CDD materials",
      "url": "https://gladesclerk.com/online-services/records-search/",
      "source_type": "public-record",
      "date": "2020-02-11",
      "primary": true,
      "citation_url": "https://lakefrontokeechobee.com/sources/#ordinance-context"
    },
    {
      "id": "sunbiz",
      "title": "Florida Division of Corporations (Sunbiz)",
      "url": "https://search.sunbiz.org/Inquiry/CorporationSearch/ByName",
      "source_type": "public-record",
      "date": "2026-10-07",
      "primary": true,
      "citation_url": "https://lakefrontokeechobee.com/sources/#sunbiz"
    },
    {
      "id": "developer-site",
      "title": "Okeechobee Community Developers website",
      "url": "https://www.okeecomdev.com/",
      "source_type": "company-statement",
      "date": "2026-10-07",
      "primary": false,
      "citation_url": "https://lakefrontokeechobee.com/sources/#developer-site"
    },
    {
      "id": "eb5-united-project",
      "title": "EB5 United Lakefront project page",
      "url": "https://www.eb5united.com/projects/lakefront-estates-and-villas/",
      "source_type": "company-statement",
      "date": "2026-09-01",
      "primary": false,
      "citation_url": "https://lakefrontokeechobee.com/sources/#eb5-united-project"
    },
    {
      "id": "eb5-united-status",
      "title": "EB5 United projects status page",
      "url": "https://www.eb5united.com/projects/",
      "source_type": "company-statement",
      "date": "2026-09-01",
      "primary": false,
      "citation_url": "https://lakefrontokeechobee.com/sources/#eb5-united-status"
    },
    {
      "id": "primary-capital",
      "title": "Primary Capital closed transactions",
      "url": "https://www.primaryllc.com/closed-transactions",
      "source_type": "company-statement",
      "date": "2026-04-01",
      "primary": false,
      "citation_url": "https://lakefrontokeechobee.com/sources/#primary-capital"
    },
    {
      "id": "grant-application-2025-12-10",
      "title": "Florida Job Growth Grant proposal attributed to Okeechobee Utility Authority",
      "url": "https://www.floridajobs.org/docs/default-source/florida-job-growth-grants-proposals/25-26/20251210-okeechobee-utility-authority-inf007_proposal_redacted.pdf?sfvrsn=142a02b0_0",
      "source_type": "public-record",
      "date": "2025-12-10",
      "primary": true,
      "notes": "A combined-financing claim in this filing is not treated as cash already invested.",
      "citation_url": "https://lakefrontokeechobee.com/sources/#grant-application-2025-12-10"
    },
    {
      "id": "adviserinfo-stedem",
      "title": "SEC adviser report for Bradford Brennan Stedem",
      "url": "https://reports.adviserinfo.sec.gov/reports/individual/individual_6577437.pdf",
      "source_type": "sec-filing",
      "date": "2026-10-07",
      "primary": true,
      "citation_url": "https://lakefrontokeechobee.com/sources/#adviserinfo-stedem"
    },
    {
      "id": "phase-schedule-table",
      "title": "Residential lots and units by phase",
      "url": null,
      "source_type": "secondary-report",
      "date": "2026-10-07",
      "primary": false,
      "notes": "Phase schedule of lots and units. Type totals match the offering-document unit counts. Phase 1A in this table is 196 units, separate from the offering document's 199-unit Assessment Area One.",
      "citation_url": "https://lakefrontokeechobee.com/sources/#phase-schedule-table"
    },
    {
      "id": "listings-research-2026-10",
      "title": "Rashi Drive listing records, October 2026",
      "url": null,
      "source_type": "secondary-report",
      "date": "2026-10-07",
      "primary": false,
      "notes": "Listing prices and contract status supplement recorded deeds. Photographs and listing descriptions are not republished.",
      "citation_url": "https://lakefrontokeechobee.com/sources/#listings-research-2026-10"
    },
    {
      "id": "listing-rashi-1821-coldwell",
      "title": "1821 Rashi Drive listing, MLS B26076719, Coldwell Banker",
      "url": "https://www.coldwellbanker.com/fl/okeechobee/1821-rashi-dr/lid-P00800000HHMuce36x9EcyACHpih5ELnFiZG7D8f",
      "source_type": "secondary-report",
      "date": "2026-10-07",
      "primary": false,
      "notes": "Page showed the listing as active, last updated October 7, 2026. Photographs and listing description are not republished.",
      "citation_url": "https://lakefrontokeechobee.com/sources/#listing-rashi-1821-coldwell"
    },
    {
      "id": "listing-rashi-1821-raveis",
      "title": "1821 Rashi Drive listing, MLS B26076719, William Raveis",
      "url": "https://www.raveis.com/prop/B26076719/1821-rashi-drive-okeechobee-fl-34974",
      "source_type": "secondary-report",
      "date": "2026-10-07",
      "primary": false,
      "notes": "Page showed the same MLS number as pending. Photographs and listing description are not republished.",
      "citation_url": "https://lakefrontokeechobee.com/sources/#listing-rashi-1821-raveis"
    },
    {
      "id": "listing-rashi-1889",
      "title": "1889 Rashi Drive S listing, MLS B26081703",
      "url": "https://www.bexrealty.com/FL/Okeechobee/1889-rashi-drive/home/B26081703",
      "source_type": "secondary-report",
      "date": "2026-10-02",
      "primary": false,
      "notes": "Listing history shows a September 29, 2026 list date. Page last updated October 2, 2026. Photographs and listing description are not republished.",
      "citation_url": "https://lakefrontokeechobee.com/sources/#listing-rashi-1889"
    },
    {
      "id": "listing-rashi-1924",
      "title": "1924 Rashi Drive listing, MLS B26082600",
      "url": "https://www.bexrealty.com/FL/Okeechobee/1924-rashi-drive/home/B26082600",
      "source_type": "secondary-report",
      "date": "2026-10-02",
      "primary": false,
      "notes": "Listing history shows an October 1, 2026 list date. Page last updated October 2, 2026. Photographs and listing description are not republished.",
      "citation_url": "https://lakefrontokeechobee.com/sources/#listing-rashi-1924"
    },
    {
      "id": "listing-rashi-1906",
      "title": "1906 Rashi Drive listing, MLS B26081701",
      "url": "https://www.bexrealty.com/FL/Okeechobee/1906-rashi-drive/home/B26081701",
      "source_type": "secondary-report",
      "date": "2026-09-29",
      "primary": false,
      "notes": "Listing history shows a September 29, 2026 list date. A separate feed had shown a pending status. Photographs and listing description are not republished.",
      "citation_url": "https://lakefrontokeechobee.com/sources/#listing-rashi-1906"
    },
    {
      "id": "listing-herzog-1389",
      "title": "1389 Herzog Drive listing, MLS B26081869",
      "url": "https://www.bexrealty.com/FL/Okeechobee/1389-herzog-drive/home/B26081869",
      "source_type": "secondary-report",
      "date": "2026-10-02",
      "primary": false,
      "notes": "Listing history shows a September 29, 2026 list date. Page showed under contract. Photographs and listing description are not republished.",
      "citation_url": "https://lakefrontokeechobee.com/sources/#listing-herzog-1389"
    },
    {
      "id": "listing-herzog-1389-raveis",
      "title": "1389 Herzog Drive listing, MLS B26081869, William Raveis",
      "url": "https://www.raveis.com/prop/B26081869/1389-herzog-drive-out-of-area-fl-34974",
      "source_type": "secondary-report",
      "date": "2026-10-07",
      "primary": false,
      "notes": "Page showed the same MLS number as pending, in the subdivision name used for Lakefront. Photographs and listing description are not republished.",
      "citation_url": "https://lakefrontokeechobee.com/sources/#listing-herzog-1389-raveis"
    },
    {
      "id": "listing-sr78-28020",
      "title": "28020 Florida 78 listing, MLS B26077013",
      "url": "https://pureequity.us/listings/28020-florida-78-okeechobee-b26077013",
      "source_type": "secondary-report",
      "date": "2026-10-07",
      "primary": false,
      "notes": "Page showed the listing as active in Lakefront Estates, Glades County. Photographs and listing description are not republished.",
      "citation_url": "https://lakefrontokeechobee.com/sources/#listing-sr78-28020"
    },
    {
      "id": "engineer-2024-02",
      "title": "Master engineer's report and capital-improvement methodology, February 2024",
      "url": null,
      "source_type": "official-offering-document",
      "date": "2024-02-01",
      "primary": true,
      "citation_url": "https://lakefrontokeechobee.com/sources/#engineer-2024-02"
    },
    {
      "id": "research-brief",
      "title": "Records reviewed through October 7, 2026",
      "url": null,
      "source_type": "unverified-lead",
      "date": "2026-10-07",
      "primary": false,
      "citation_url": "https://lakefrontokeechobee.com/sources/#research-brief"
    }
  ]
}