Cushman & Wakefield’s Equity, Debt & Structured Finance Group has arranged a $17.4-million loan on behalf of affiliates of Walton Street Capital LLC and Levin Realty Advisors LLC for the acquisition of 163 unsold condominium units within the 210-unit Mirasol at Celebration. Completed in 2003, the luxury condominium community is located in the affluent, master-planned community of Celebration, Fla.
Mike Ryan, Brian Linnihan and Jeff Walker of Cushman & Wakefield’s Atlanta office arranged acquisition financing on behalf of the buyer. Jay Ballard, Ken Delvillar and Lindsey Pfaender of Cushman & Wakefield’s Orlando Multifamily Investment Sales Group represented the confidential seller.
The condominium property is located near the intersection of Interstate 4, U.S. Highway 192 and State Route 417 approximately three miles from the main gate of Walt Disney World and 21 miles from Downtown Orlando.
“The acquisition loan provided the client a flexible prepayment structure for the purchase and retail sellout of one of the premier condominium communities in metro Orlando,” said Senior Managing Director Mike Ryan.
Mirasol at Celebration offers residents a full-time concierge, a private day spa, personalized fitness training, a billiards room, walking trails and a resort-style pool area. The property is a winner of numerous lifestyle and design awards, including a Parade of Homes Award from Professional Builder magazine and the Pillars of Industry Award from the National Association of Home Builders.
Steve Webb – The Gove Network
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