Transactions
Myrtle Beach, South Carolina
July 11, 2025
Loans
In July 2025, DLP Capital provided $9.47 million in pre-development financing to Falcone Group and M Group Companies for the development of the Margaritaville Vacation Residences in Myrtle Beach, South Carolina.
This financing supports site work and pre-sales marketing for the 11.19-acre project, which will bring 295 condominium units to a prime location roughly half a mile from the Atlantic shoreline.
Margaritaville Vacation Residences will feature four 4-story buildings with a mix of one-, two-, and three-bedroom residences ranging from 742 to 1,381 square feet. Accompanying the 295 all-balcony residences are amenities like a clubhouse, restaurant and performance stage, food and beverage outlets, resort-style pool, splash pad, fitness center, and cabanas. The community will provide surface parking for 458 vehicles.
The property, fully entitled and zoned as Resort Residential (RR), is cleared and pad-ready with approved civil engineering plans.
DLP Capital’s loan provides financing for pre-development infrastructure and marketing initiatives. The project's three-phase buildout will begin with the construction of the first two buildings and is planned to commence when the property is 50% pre-sold.
Situated within walking distance of the beach, Margaritaville Vacation Residences is also conveniently located near retail, dining, and entertainment options. Meanwhile, Myrtle Beach continues to demonstrate consistent growth, attracting 17.6 million visitors and $12.5 billion in spending in 2023.1
This transaction comes on the heels of DLP Capital’s $44.5 million loan to Falcone Group for the development of Pope Templeton in Mooresville, North Carolina.
Falcone Group and M Group Companies bring extensive experience in large residential and mixed-use development throughout the Southeast. Their operational history and execution capabilities help support the project’s development plan and reduce delivery risk.
Falcone Group is a nationally recognized real estate investment and development firm with over 35 years of experience delivering multifamily, mixed-use, hospitality, and commercial projects across the nation. Led by namesake Arthur Falcone, the Falcone Group is known for transforming underutilized land into communities that combine quality design with long-term growth potential.
M Group Companies, based in Boca Raton, Florida, is a multidisciplinary investment firm focused on real estate development and management. The firm specializes in opportunistic investments, including distressed assets, multi-family apartments, and build-to-rent communities. Led by executives with expertise in corporate law, real estate development, and finance—including Patrick Marino, Chairman of the investment committee, and Sarah Spangler, who oversees budgeting and investment—M Group emphasizes value creation and operational excellence through diversified, growth-oriented ventures.
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