October 9, 2019
PCCP provided a $76-million loan to refinance Paramount on Lake Eola, a 313-unit, 16-story multifamily tower with 45,510 square feet of ground-floor retail in downtown Orlando.
Located at 415 E Pine St., the property offers 14 unique floor plans averaging 1,139 square feet, and features floor-to-ceiling windows, condo-quality finishes as well as lake and city views. Amenities include secured parking, a resort-style pool area, grilling stations and a fitness center. The ground-floor retail is anchored by a Publix supermarket.
PCCP provided the financing to borrower Northland Investment Corp, a Massachusetts-based owner and operator with a current portfolio of 31 assets in Florida totaling over 8,000 units.
For comments, questions or concerns, please contact David Cohen