Palmetto apartment project gets $97 million construction loan

  • By Louis Llovio
  • | 4:45 p.m. May 30, 2024
  • | 0 Free Articles Remaining!
Image via Manatee County Property Appraiser
  • Manatee-Sarasota
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The St. Petersburg developers behind a 610-unit Palmetto apartment community have gotten a $97 million loan to pay for the construction.

The Mahaffey Apartment Co. secured the loan through Goldman Sachs. The terms were not disclosed.

The loan was arranged — and the financing announced — by Berkadia.

 

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