$9.4 MILLION LOAN TO FINANCE JOINT VENTURE PURCHASE

by admin

ST. PETERSBURG, FLA. — PCCP provided a $9.4 million senior loan to a joint venture between True North, Stoneleigh Capital and RiverOak Investment Corp. to finance the purchase of 53 units within Back Bay at Carillon, a bank-owned townhome community in St. Petersburg. Cushman & Wakefield conducted the auction on behalf of the seller, Bank of America. Back Bay at Carillon has 17-two and three-story buildings and offers amenities such as a swimming pool, clubhouse and fitness center.

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