Carrollwood Palms Apartments, 4302 Gunn Highway, Tampa, FL
Carlsbad, CA, Jan. 17,
2017 – Meridian Capital Group, America’s most active debt broker, negotiated
$14.4 million in agency financing for the acquisition of Carrollwood Palms
multifamily property located in Tampa, FL on behalf of Blue Rock Premier.
The seven-year,
non-recourse loan, features a floating interest rate and two years of
interest-only payments, and was negotiated by Meridian Managing Director, Seth Grossman and Vice President, Sarah Kuebler, who are both based in
the company’s Carlsbad, CA office.
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| Sarah Kuebler |
“Meridian’s extensive
multifamily experience in the market helped to identify the best financing
option for our client,” explained Mr. Grossman. “The lender recognized the
strength of the sponsorship, and provided acquisition financing that will allow
the borrower to successfully execute their renovation and business plan,” he
added.
Carrollwood Palms, located
at 4302 Gunn Highway in Tampa, is a two-story, 204-unit multifamily property,
consisting of one- and two- bedroom apartments. Each unit features a fully
equipped kitchen, a patio or a balcony and a fire place.
 |
| Seth Grossman |
Community amenities
include a swimming pool, clubhouse, fitness center with a sauna, tennis courts,
volleyball courts, a business center and a billiard room.
Carrollwood Palms provides
direct access to major transportation corridors, including Interstate 75,
Veterans Expressway and Suncoast Parkway.
Tenants enjoy close proximity to the
Tampa International Airport and Downtown Tampa, which offers a variety of
restaurants, shops and museums.
Founded in 1991, Meridian
Capital Group is America’s most active debt broker and one of the nation’s
leading commercial real estate finance advisory firms. In 2016, Meridian closed
$35 billion in transaction volume.
Since inception, the company
has closed more than $270 billion in financing with the full complement of
capital providers, encompassing local, regional and national banks, CMBS
lenders, agency lenders, mortgage REITs, life insurance companies, credit
unions and private equity funds.
Meridian arranges
financing for many of the world’s leading real estate investors and developers
and the company’s expansive platform has specialized practices for a broad
array of property types including office, retail, multifamily, hotel,
mixed-use, industrial, healthcare, student housing and self-storage properties.
Meridian is headquartered
in New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida
and California. www.meridiancapital.com
For a complete copy of the company’s news release,
please contact:
Jonathan Stern
Meridian Capital Group
212/972-3600
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