CARLSBAD, CALIF. — The Jefferson House I and Jefferson House II senior apartment projects in Carlsbad have received a total of $6.3 million to refinance. The loans were arranged by James Dick of Newmark Realty Capital’s San Diego office through Fannie Mae’s multifamily loan program.
PANAMA CITY BEACH, FLA. — Scenic Highway Partners, a subsidiary of Atlanta-based Freeman Partners, has acquired the remaining 42 condo units at the 145-unit Sterling Breeze Beach Resort, located at 16701 Front Beach Road in Panama City Beach, for $7.5 million. Amenities include a gulf-front infinity edge pool and spa, poolside wine bar and Internet cafe, state-of-the-art fitness center and covered parking. Bill Thomas of Edgewater Beach Realty represented the seller, Sterling Breeze Holdings, in the transaction.
LAKELAND, FLA. — The 233-lot Stoll Manor Mobile Home Park, a manufactured housing community located at 1123 Walt Williams Road in Lakeland, has sold for $2.15 million. Park amenities include a clubhouse, pool, playground and basketball court. Dan Mulkey of Marcus & Millichap's Tampa, Fla., office represented both parties in the transaction.
ASHEVILLE, N.C. — Alliant Capital has arranged $8.11 million in refinancing for the 160-unit Carson's Creek Apartments, a garden-style community located at 1680 Hendersonville Road in Asheville. Mary Dee Clancy of Alliant's Washington, D.C., office arranged the 7-year, adjustable rate loan with a 30-year amortization schedule.
DALLAS — NorthMarq Capital has arranged a $21.13 million construction/permanent loan and $10.24 million in joint venture financing for the 192-unit 3003 Carlisle Apartments, located in Dallas' Uptown district. William Jackson of NorthMarq's Dallas office arranged the loans through a regional commercial bank and a correspondent life insurance company.
TAMPA, FLA. — Marcus & Millichap has arranged the $1.27 million sale of the 63-unit Palm Breeze Apartments, a multifamily property located at 8014 Tommy Court in Tampa. Amenities include a laundry facility, stackable washer and dryer connections and ample parking. Michael Regan and Francesco Carriera of Marcus & Millichap's Tampa office represented both parties in the transaction.
CLERMONT, FLA. — Beech Street Capital has arranged a $21.25 million Fannie Mae conventional loan for acquisition of the 276-unit Vista at Lost Lake, a Class A apartment complex located in Clermont. Jacob Katz of Meridian Capital Group originated the seven-year, fixed-rate loan with two years of interest-only payments and a 30-year amortization schedule.
TALLAHASSEE, FLA. — Capital Advisors has secured $17.67 million in construction financing for the 402-bed Catalyst Student Apartments, a student housing community located at Madison and Gay streets in Tallahassee, three blocks from the Florida State University campus. Philip Rachels of Capital Advisors arranged the three-year, interest-only loan on behalf of the borrower, an affiliate of Chance Partners, through Community and Southern Bank.
WILMINGTON, MASS. — EA Fish Development has secured $22 million in financing to build Metro at Wilmington Station, a 108-unit apartment development in Wilmington. Tremont Realty Capital arranged the loan that was funded, in part, by an institutional equity investor and a local bank. The combination of debt and equity covered 98 percent of the total development costs.
NEW YORK CITY — Bergen Estates has sold 874 Bergen St., a 4,400-square-foot apartment building in Brooklyn, for $1 million. The property was built in 1930 and consists of eight, two-bedroom apartments. Shlomo Antebi and Joseph Landau of GFI Realty Services represented the seller in the transaction. Antebi also represented the buyer, a local investor.