Grand Central at Kennedy Gets $27M Loan

TAMPA, FL-GCAK Tampa LLC, a subsidiary of Tampa-based Mercury Advisors LLC, has received a $27.4-million loan for Grand Central at Kennedy in Tampa's Channel District.

By GlobeSt News Hub | July 18, 2012 at 01:01 AM

TAMPA, FL-GCAK Tampa LLC, a subsidiary of Tampa-based Mercury Advisors LLC, has received a $27.4-million loan for Grand Central at Kennedy in Tampa's Channel District. The senior loan was provided by Canyon Capital Realty Advisors LLC.

Grand Central comprises 392 residential condominium units, approximately 110,000 square feet of retail space and nearly 70,000 square feet of office space. The refinancing will allow GCAK to finish the marketing and sales of the remaining units and lease up the remaining office and retail space. For the full story, go to Tampa Bay Business Journal .

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