Lender on 23-story apartment tower in downtown Tampa ‘excited’ for $70M deal

The lender who provided a $70 million senior loan for a new development in downtown Tampa is “excited” about the deal.

California-based PCCP LLC said Monday that it is backing Atlanta-based Carter’s 23-story apartment tower on North Franklin Street. Carter closed on the 1-acre block in September for $6.4 million and began demolition of the existing structures on the site in mid-December.

“The Tampa market has exhibited strong population and job growth,” Kevin Chin, senior vice president with… …read more