Orlando, FL – Miami-based Primrose Capital has successfully arranged permanent financing for two suburban office towers totaling over 250,000 sqft. in Maitland Florida.
Primrose Capital worked on behalf of Maitland PCF1, LLC to secure the seven-year fixed rate loan from a national Life Insurance Company. The seven year loan carries a fixed rate of 4.45% with 30 year amortization.
Joshua Emory, a Principal at Primrose Capital commented “We are very excited to have recapitalized the the property in just under sixty days, affording sponsorship the opportunity to recap needed equity after successfully implementing a text book re-positioning strategy. The sponsors have an impeccable track record and were a pleasure to work with throughout the entire process. We look forward to continuing our long standing relationship.”
Primrose Capital, LLC is a fully integrated real estate capital advisory firm with offices in Miami, New York and Los Angeles, specialized in the placement of debt financing and joint venture equity for leading real estate institutions, developers and property owners throughout North America. As a trusted advisor, Primrose Capital is an expert at structuring custom tailored financing solutions for some of the most complex commercial real estate transactions.
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