Northland secures $76m for Paramount on Lake Eola upgrades
Published at: 2019-10-10 15:06 | Author: CIJ USA
Northland has secured a $76m loan for Paramount on Lake Eola, a mixed-use building in downtown Orlando. The funding, supplied by investment manager PCCP, will be used to make upgrades to the residential units along with renovations to the common areas, lobbies, fitness center and resident lounge. Built in 2008 by ZOM, the 13-story, 303-unit apartment building is also home to the only Publix supermarket in the downtown area. Northland bought the asset from Obligo Real Estate in 2017 for $57.8m.
Belpointe Capital has submitted plans with the City of Sarasota to build a mixed-use devel »
Taconic Investment Partners and Nuveen Real Estate have secured a $181m loan to finance th »
Washington DC ♦ Brookfield Properties developing $1.4bn neighborhood in Reston
Brookfield Properties broke ground on Halley Rise, a $1.4bn mixed-use project in Reston, V »
Strategic Property Partners secured a $664.1m loan to finance the construction of two towe »