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Gainesville’s Celebration Pointe Multifamily Gets $59M in Construction Financing
Walker & Dunlop, Inc. arranged $58.8 million in construction financing for Celebration Pointe Apartments, a 239-unit Class A multifamily development in the master development of Celebration Pointe in Gainesville, FL.
Walker & Dunlop’s Tampa Debt & Structured Finance team, led by Jeremy Pino, Livingston Hessam, Carl Passmore, and Kyle Miller, arranged the transaction on behalf of Viking Companies. Viking Development is the master developer for the Celebration Pointe project.
“This financing was closed during a time of uncertainty in the overall capital markets and limited options for construction debt,” said Pino, senior director of Capital Markets. “We were able to deliver an impressive non-recourse solution for 85 percent of the capital stack, attesting to the strength of the sponsor and the project.”
Celebration Pointe Apartments is one-of-a-kind development, giving West Gainesville a downtown feel, with family-friendly, safe, and appealing points of interest for residents and the larger community as a whole.
- ◦Development

