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Florida & Gulf Coast  + Central Florida  + Apartments  | 

Thorofare Capital Provides $44M Acquisition Loan for Celebration MF Property

National commercial real estate lender Thorofare Capital has provided a $44 million permanent loan for the acquisition of Astoria at Celebration, a 306-unit multifamily property in Celebration, FL.

The apartment complex is comprised of a mix of one-, two- and three-bedroom units. The units include fully equipped kitchens, stainless steel appliances, granite islands, walk-in closets and spa-like bathrooms. Community amenities include a saltwater swimming pool, private pool cabanas, 24-hour fitness studio with Peloton bikes, clubhouse with a media lounge and elevator access in each building.

Thorofare Capital provided the financing to the buyer, an affiliate of Aliso Viejo, Calif.-based Versity Investments. The seller was CGI+ Real Estate Investment Strategies. Terms of the financing included an initial term of seven years as well as an interest-only period followed by 30-year amortization schedule.


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Thorofare Capital

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.