225-Acre MXD Wins $125M Construction Loan

ORLANDO—The developer of Celebration Pointe, a 225-acre mixed-used regional development located in Gainesville, FL just secured a $125 million construction loan for phase one of the project. Los Angeles-based commercial real estate investment banking firm George Smith Partners secured the financing.

“We were able to identify and secure the financing for this development by demonstrating the value in the project, due in large part to its ability to fill a void in the growing Gainesville market,” George Smith principal and managing director David Rifkind, tells GlobeSt.com. “The lender understood the strength in sponsorship and of the planned asset, and was able to provide the necessary financing to begin construction on this landmark project.”