Finance
Finance Deals of the Week: $52M Construction Loan for S.C. Apartments
It was a lighter week on the financing front, but there were still some notable deals that closed including a $52 million construction loan from North River Partners and Amzak Capital Partners on Miami-based One Real Estate Investment’s 316-unit apartment project in Columbia, S.C. Huntington National Bank and Nuveen Green Capital also teamed up to provide a combined $40.5 million construction loan for Stark Enterprises’ build-to-rent residential project in northern Florida. Here are the rest of the deals.
| Loan Amount | Lender | Borrower | Address | Asset | Broker |
|---|---|---|---|---|---|
| $52 million | North River Partners and Amzak Capital Partners | One Real Estate Investment | 4415 Percival Road; Columbia, S.C. | Multifamily | Berkadia’s Brad Williamson, Scott Wadler, Mitch Sinberg and Matt Robbins |
| $41 million | Huntington National Bank and Nuveen Green Capital | Stark Enterprises | 16152 SE 77th Court; Summerfield, Fla. | Build-to-Rent | N/A |
| $29 millon | Bayview Asset Management | ASG Equities | 502 86th Street; Brooklyn, N.Y. | Mixed-Use | Ripco’s Steven Sperandio, Michael Fasano and Jake Weiss |
| $27 million | Citigroup | The Mann Group and True North Management | Nine-building portfolio | Multifamily | JLL’s Scott Aiese and Alex Staikos |
| $27 million | Berkadia | Bozzuto Group | 1200 North Queen Street; Rosslyn, Va | Multifamily | N/A |
Finance Deals of the Week reflect deals closed or announced from April 22 to April 26. Information on financings can be sent to editorial@commercialobserver.com.
SEE ALSO: Hudson Bay Capital Provides $155M Refi for Denver Hotel
502 86th Street, ASG Equities, Berkadia, Bozzuto Group, Huntington National Bank, Nuveen Green Capital, One Real Investment, Ripco, Stark Enterprises, The Mann Group, True North Management