Front Range Obtains $75M Refi on St. Pete Apartments

Front Range Partners inked a $75 million loan to refinance EVO St. Petersburg, a high-rise apartment complex in downtown St. Petersburg.

Walker & Dunlop Capital Markets Institutional Advisory, led by Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Michael Stepniewski, Michael Ianno and Cody Ela, arranged the fixed-rate financing provided by Freddie Mac on behalf of FrontRange Capital Partners.

Delivered in 2023, the 23-story property features 220 studio, one-, two-, and three-bedroom residences, approximately 13,000 square feet of ground-floor retail, and more than 26,000 square feet of indoor and outdoor amenities, including a pool and wellness spaces.

It’s located 334 2^nd Ave S, St. Petersburg, FL 33701 in the heart of downtown St. Petersburg. EVO is two blocks from the Tampa Bay waterfront and within walking distance of the St. Pete Pier, Dalí Museum, Central Avenue, Beach Drive, and the city’s dining, retail, cultural, and entertainment destinations.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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◦Financing

105 NE 16th Terrace
Fort Lauderdale, FLFlorida & Gulf Coast + Apartment Buildings
Listing Status: Available
Listing Type: Call for offers
Price: $3,300,000
No. of Units: 14
Year Built: 1953
Opportunity Zone: No
Price per unit: $235,714
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3100, 3102, 3104, 3106 SE Brook St
Stuart, FLFlorida & Gulf Coast + 2-4 Units
Listing Status: Available
Listing Type: Highest & best offer
Price: $865,000
No. of Units: 4
Year Built: 1982
Opportunity Zone: No
Price per unit: $216,250
Learn More