City National Bank Provides $53.7M Acquisition Loan For Mixed-Use Property In Lakeland

The property involved in this transaction is a mixed-use asset located at 1479 Town Center Drive in Lakeland. The property is owned by Continental Realty Corporation and was acquired by the buyer. The transaction was facilitated by City National Bank, which provided a loan amount of $53,700,000 for the acquisition.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $53,700,000
• Lender: City National Bank
• Landlord: Continental Realty Corporation
• Brokers: Scott Wadler, Matthew Nihan, Alec Fox, and Edmund Aramayo - Berkadia

The deal's key individuals involved in the transaction are Scott Wadler, Matthew Nihan, Alec Fox, and Edmund Aramayo, who served as brokers representing Berkadia. They played a crucial role in facilitating the acquisition of the mixed-use property located at 1479 Town Center Drive in Lakeland. The involvement of these brokers highlights their expertise and contribution to the successful completion of the transaction.