Walker & Dunlop, Inc. arranged $58.8 million in construction financing for Celebration Pointe Apartments, a 239-unit Class A multifamily development located within the master development of Celebration Pointe in Gainesville, FL. The Tampa Debt & Structured Finance team at Walker & Dunlop was led by Jeremy Pino, Livingston Hessam, Carl Passmore and Kyle Miller and provided the transaction on behalf of Viking Companies – the master developer for Celebration Pointe project.
“We were able to deliver an impressive non-recourse solution for 85 percent of the capital stack despite uncertainty in overall capital markets and limited options,” said Pino Senior Director of Capital Markets “This attests to both strength from our sponsor as well as that from this unique project.”
Celebration Pointe Apartments is one-of-a kind offering West Gainesville a downtown feel with family friendly points of interest that are safe yet appealing to residents and community members alike.
