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Monticelloam Provides $52M Refi for Florida Apartments

A joint venture between Batson-Cook Development Company and Ventures Development Group has sealed $52 million of bridge debt to refinance a newly built multifamily asset in central Florida, Commercial

Summary

A joint venture between Batson-Cook Development Company and Ventures Development Group has sealed $52 million of bridge debt to refinance a newly built multifamily asset in central Florida, Commercial Observer has learned.

Monticelloam supplied the three-year loan with two 12-month extension options for the sponsorship’s 298-unit The Southerly at Orange City apartment complex in Orange […]

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