Press.
Press
Locust Park Capital Expands Presence with New West Palm Beach Office
WEST PALM BEACH, FL - PRLog-- Locust Park Capital, a leading private equity real estate and capital advisory firm, proudly announces the opening of its new office in West Palm Beach, Florida. This strategic expansion aligns with the company's commitment to enhancing its service offerings and catering to the thriving business environment in Florida.
- PRLog
Locust Park Capital Opens Brickell Office
Miami, FL - PR.com-- Locust Park Capital, a private equity real estate and capital advisory firm, has made the move to Miami. The firm joins the long list of New York City-based companies that have decamped to Miami since the beginning of the pandemic. According to company President Keith Lee, moving was a no-brainer.
- PR.com
Locust Park Capital Arranges $12M Refinance For Mixed-Use Building in Orlando's CBD
NEW YORK - Nyenta -- Locust Park Capital has secured a $12 million loan to refinance a seven-story mixed-use building in the Central Business District of Orlando, Florida. The recently renovated building was fully leased at the time of financing. Keith Lee of Locust Park arranged the five-year loan with a fixed rate of 4.370 percent for the unnamed borrower. The Lender was an unnamed life insurance company.
- Nyenta
Locust Park Capital Arranges $1.6M Acquisition Loan for Jacksonville Multi-Family Building
JACKSONVILLE, Fla. - PRLog -- Locust Park Capital has arranged a $1.6 million dollar loan for the acquisition of a two-story 16 unit multi-family building in Jacksonville Florida. The building was one hundred percent leased at the time of the transaction. The buyer intends to complete capital improvements to escalate rents to current market rates.
– PRLog
Locust Park Capital arranges $14 million loan for a seven-story multifamily building in Miami Florida
MIAMI, Fla - Florident -- Locust Park Capital has arranged a $14 million acquisition loan for a seven-story multifamily building in the Brickell area of Miami Florida. The recently renovated building was 97% leased at the time of financing. Mark Breitenbach of Locust Park Capital arranged the seven-year loan with a fixed rate of 4.220 percent for a New York City-based borrower. The Lender was an unnamed life insurance company.
Locust Park Capital Arranges $16M Loan for Dallas Multifamily Portfolio Acquisition
Dallas, TX - TXLO-- Locust Park Capital has arranged a $16 million acquisition loan for a multi-family portfolio consisting of 4 buildings and totaling 240 units. The portfolio is spread throughout the Dallas/Fort Worth area. Keith Lee Locust Park Capital originated the fixed rate five-year loan, which includes a 30-year amortization schedule. The loan was arranged through an undisclosed balance sheet lender on behalf of the borrower.
– TXLO
Locust Park Capital Secures $3M Refinancing of CVS Pharmacy in Dallas, TX
NEW YORK - eTradeWire -- Locus Park Capital has secured a $3 million refinancing for a net-leased CVS pharmacy in Dallas. The five-year loan features a fixed rate of 4.95 percent and a 30-year amortization schedule. The lender was a local community bank. Locust Park's Thomas Chang arranged the loan on behalf of the undisclosed borrower.
According to Mr. Chang, the Dallas market continues to be a safe haven for commercial landlords and lenders alike. "The Dallas market has a few great things going for it. Compared to other major cities, it is a low-cost market and you have great credit tenants and quality facilities to accommodate them. Many of our clients are hungry for more of Dallas because they can get decent returns from day one and the outlook remains increasingly positive."
