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Florida & Gulf Coast  + Finance  |  October 9, 2019
David Cohen
By: David Cohen

PCCP Provides $76M Refinancing for Orlando MXU Tower

PCCP provided a $76-million loan to refinance Paramount on Lake Eola, a 313-unit, 16-story multifamily tower with 45,510 square feet of ground-floor retail in downtown Orlando.

Located at 415 E Pine St., the property offers 14 unique floor plans averaging 1,139 square feet, and features floor-to-ceiling windows, condo-quality finishes as well as lake and city views. Amenities include secured parking, a resort-style pool area, grilling stations and a fitness center. The ground-floor retail is anchored by a Publix supermarket.

PCCP provided the financing to borrower Northland Investment Corp, a Massachusetts-based owner and operator with a current portfolio of 31 assets in Florida totaling over 8,000 units.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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