Owens Realty Capital has landed $18 million in debt financing and joint venture equity for three office properties in the master planned Baldwin Park community. The properties, totaling 87,809 sqf rest along 33rd Street and New Broad Street in Orlando, FL. Holliday Fenoglio Fowler identified a joint venture equity partner in Galium Capital, which provided $5 million for the recapitalization and acquisition of the properties. HFF also arranged a $13 million, seven-year fixed-rate first mortgage for the properties through Regions Bank on behalf of the partnership. The HFF transaction team included Michael Weinberg, Rebecca Van Reken and senior director Robbie McEwan.
āThis deal represented an opportunity for us to raise the entire capital stack including debt and equity for a valued client on high quality real estate,ā Weinberg said.
