211 Unit, High Rise Apartment

$47,000,000 High Rise Apartment Property in Florida

Location: St, Petersburg, FL
Loan Amount: $47,000,000
Term: 2 Years
Amortization: Interest Only
Execution: Debt Fund

District Capital closed a $47 million loan on Vantage St. Pete in Downtown St. Petersburg, FL. The non-recourse loan was placed at 75%+ LTV (stabilized). The Dcap closing team was able to meet a very tight closing timeframe of 21 calendar days