Mercury Advisors re-finances Tampa apartment tower

Developer of Channel Club apartments recapitalizes debt on 22-story building

  • By Kevin McQuaid
  • | 6:00 a.m. September 25, 2020
  • | 0 Free Articles Remaining!
COURTESY RENDERING -- Mercury Advisors and partner ECI Group have refinanced the debt on the 22-story Channel Club apartments in downtown Tampa.
COURTESY RENDERING -- Mercury Advisors and partner ECI Group have refinanced the debt on the 22-story Channel Club apartments in downtown Tampa.
  • Commercial Real Estate
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In a sign of capital markets’ continued confidence in the Tampa Bay area’s multifamily rental prospects, Tampa-based Mercury Advisors and its partner have obtained a $63 million permanent loan on their recently completed 22-story Channel Club apartments near downtown.

Commercial real estate brokerage firm JLL’s capital markets team arranged the new debt on behalf of Mercury and ECI Group from BBVA USA and BlackRock on the 1115 E. Twiggs St. project.

 

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