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The Mercato Wins $145M Refi From GE Capital

MIAMI—Want to know what types of deals attract GE Capital? Learn more about the Mercato mixed-use development in Naples, FL.

By Jennifer LeClaire | Updated on November 25, 2013

MIAMI—The Mercato, a 456,000-square-foot mixed-use development in Naples, FL, has secured a $145 million refinancing. HFF arranged the loan for the borrower, a joint venture between Madison Marquette Retail Enhancement Fund, Barron Collier Companies, and The Lutgert Companies.

HFF managing director Mark Remington, director Chris Drew, and associate director Jordan Lex led the transaction. The deal is a five-year, floating-rate bridge loan through managing director Dan Martin and senior relationship manager Andy McLay at GE Capital Real Estate.

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