Bank Of America Provides $70.76M Bridge Loan For Mixed-Use Property In Orlando

601 West Livingston Street, located in Orlando, was recently involved in a closed property transaction. The property is a mixed-use development that includes student housing, academic space, and retail. This transaction was facilitated by the loan provided by Bank of America.

Summary of transaction details

• Property Type: Mixed use (Student Housing, Academic Space & Retail)
• Transaction Amount: $70,760,000
• Lender: Bank of America

The deal was negotiated by Michael Weinberg, Rebecca Van Reken, and Alec Fox from the brokerage firm Berkadia. They represented the interests of the parties involved, including Development Ventures Group, Ustler Development, and Halstatt Real Estate Partners, who acted as the landlords in this transaction. The loan obtained for this transaction is of the Bridge type.