Berkadia arranged $40.7 million for the recapitalization of One Eleven, a 30-story high-rise in downtown Orlando. The property features office, retail and residential space and was secured on behalf of the sponsor Lincoln Orlando Holdings LLC by Senior Managing Director Charles Foschini, Managing Director Chris Apone and Associate Director Shannon Wilson from Berkadia South Florida.
Lender Morgan Stanley provided a five-year full term interest only loan to finance this project. Built in 2008, One Eleven comprises 11,076 square feet of ground floor retail space as well as nine parking levels with 152 360 square feet of Class A Office area plus 164 apartments known as “Aspire” which include studio one-, two-, three bedroom units along with roof top pool deck amenity level featuring health club & fitness center balcony amenities for residents to enjoy . Commercial tenants at this property include Ocean Bank & Daily Bread Innovative Systems Group Of FL McDonald Toole Wiggins PA National Society Of Leadership And Success Atwell Engineers Skanska Huitt Zollars Inc and many more .
This post originally appeared on Connect CRE
