Walker & Dunlop has arranged a $75M loan to refinance EVO St. Petersburg, a high-rise apartment complex in downtown St. Petersburg, Florida.
Walker & Dunlop Capital Markets Institutional Advisory led by Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Michael Stepniewski, Michael Ianno, and Cody Ela arranged the fixed-rate financing provided by Freddie Mac on behalf of the client, FrontRange Capital Partners.
Delivered in 2023, the 23-story property features 220 studio, one-, two-, and three-bedroom residences, approximately 13,000 sq ft of ground-floor retail, and more than 26,000 sq ft of indoor and outdoor amenities, including a resort-style pool and wellness spaces.
Located at 334 2nd Ave S, in the heart of downtown St. Petersburg, EVO is two blocks from the Tampa Bay waterfront and within walking distance of the St. Pete Pier, Dalí Museum, Central Avenue, Beach Drive, and the city’s dining, retail, cultural, and entertainment destinations.
The property also offers convenient access to I-175 and I-275, connecting residents to major employment centers, Tampa, area beaches, and regional airports.
Jonathan Schwartz, Senior Managing Director and Co-Head of Capital Markets Institutional Advisory at Walker & Dunlop, “EVO St. Petersburg represents the caliber of high-rise product that continues to stand out in downtown St. Petersburg. Its waterfront setting, luxury finishes, and extensive amenity offering create a differentiated residential experience in one of Florida’s most dynamic downtown markets. We’re grateful to FrontRange Capital Partners and Freddie Mac for their partnership on this transaction.”
