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
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.

 

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