Paramount Lake Eola

October 9, 2019 Comments (0) Views: 260 Central Florida, Florida News, Top Florida

PCCP Provides $76M Refinancing for Orlando MXU Tower

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.

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