ORLANDO, FL – Berkadia has secured a $72.9 million construction take-out loan for the new 209,000-square-foot office and hotel tower, SunTrust Plaza at Church Street Station in downtown Orlando, on behalf of the owner, Mason Capital Partners, Lincoln Property Co. and Pope & Land Co.
Los Angeles-based lender, CIM Group provided the five-year, mortgage loan to the joint-venture partnership.
The financing secures 18-stories of class A office space within the 28-story tower, and excludes the 180-room, Marriot AC Hotel, which tops the tower and will open later in 2020.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
