Prime Group U.S. – PMG Asset Services secures $150m for Quantum at Flagler Village in Fort Lauderdale
Prime Group U.S. – PMG Asset Services announced that it has secured $150 million in financing for Quantum at Flagler Village, a unique class A mixed-use property located in Fort Lauderdale, Fla.
The Walker & Dunlop Capital Markets team arranged the financing for the mixed-use property, securing a refinancing of the construction loan on the newly completed project in its initial lease-up. The team brought in a lender with a fixed-rate 60-month loan.
Quantum at Flagler Village consists of two 15-story towers containing 337 class A apartments, 20,884 square feet of urban retail and a nine-story 137-room Courtyard Marriott hotel with a stunning rooftop pool bar. The property also benefits from a five-story parking garage. Walker & Dunlop also closed the construction loan for Quantum four years ago.
"We are pleased to have worked alongside Walker & Dunlop's expert finance team yet again to secure this transaction," said Larry Abbo, chief executive offic