Amerant Bank Provides $27.69M Acquisition Loan For Multifamily Property In Palm Harbor

The multifamily/fractured condo property located at 1697 Nantucket Ct in Palm Harbor has recently undergone an acquisition. The property consists of 161 units and has been acquired by ESG Kullen, the landlord. The transaction was facilitated by brokers Charles Foschini and Chris Apone from Berkadia.

Summary of transaction details:

• Property Type: Multifamily/Fractured Condo
• Transaction Amount: $27,690,000
• Lender: Amerant Bank
• Landlord: ESG Kullen
• Brokers: Charles Foschini & Chris Apone - Berkadia
• Loan Type: Acquisition

The acquisition was made possible through a loan provided by Amerant Bank. The loan amount of $27,690,000 will support the acquisition of the property. This transaction highlights the significance of the property in the Palm Harbor market, with its 161 units providing valuable investment opportunities for ESG Kullen.