McKinley Secures $18,900,000 in Long-term Financings with KeyBank and Fannie MaeMarch 2, 2018
Hyde Park, Florida - The McKinley Companies announced today the closing of $18,900,000 in long-term financings with KeyBank and Fannie Mae for the last of its Hyde Park Boutique Multifamily holdings located in Hyde Park, Downtown Tampa, Florida. The 15 year financings were originated by KeyBank, and they represent the next part of an approximately $200 million pipeline in similar financings that McKinley began with KeyBank and Fannie Mae over the past six months.
“We have worked diligently to lock up all of our Multifamily debt going into this rising rate market,” offered Jim Willett, Senior Vice President & Managing Director – Finance. “We have only a few financings remaining to complete and then we will have all of our Multifamily debt fixed with either 15 or 35 year terms,” further added Willett.
Beach Flats - A collection of historic homes in exuberant hues of heritage colors reminiscent of Charleston’s rainbow row, Beach Flats offers residents the authentic beauty of preserved colonial architecture with grand staircases, ornate fire places and original hardwood floors with newly upgraded kitchens and bathrooms. Residents can relax in rocking chairs on the wraparound porches or enjoy company at the center gathering area lounge, fire pit and grill space. Beach Flats is centrally located between Historic Hyde Park and Downtown Tampa, a block from Bayshore Blvd and direct access to Tampa General Hospital.
Carlyle Flats – The newly renovated Carlyle Flats classic block building designed in stylish muted colors, pays tribute to the Miami Art Deco scene. Residents enjoy newly upgraded apartment interiors with a gated community, poolside wine bar and outdoor entertainment space, fire pit lounge, ample bike storage, and a fully equipped dog wash station. Carlyle Flats is conveniently located across from Publix Greenwise in the heart of Hyde Park with easy access to Kennedy Blvd.
Ivy Flats – Ivy Flats offers a sophisticated, distinctive character on the elegant cobblestoned street of W Estrella across from the Palma Ceia Golf & Country Club. Ivy Flats offers residents luxurious newly remodeled apartments with spacious open concept kitchens and hand-selected finishes. Located in the Palma Ceia neighborhood and within walking distance to foodie favorites such as Cru Cellars, Datz and Ciccio’s, Ivy Flats offers quintessential boutique living at its finest.
Willow Flats – Willow Flats offers a rustic refined farmhouse community with all the comforts of boutique living. Residents will feel at ease alongside the manicured grass landscaping, DIY community garden, secluded bamboo fire pit space, bocce ball court under Italian lights, and custom grill & picnic wine bar. Residents enjoy a gated community with an extra-large enclosed dog park and enclosed bike parking. Willow Flats is located in the highly sought after residential neighborhood of Hyde Park, adjacent to Mitchell Elementary School, nearby 5-star dining options such as 4 Rivers Smokehouse and Daily Eats, with convenient access to Kennedy Blvd.
Schoolhouse Flats – The quiet and established residential neighborhood is a welcome background to the stunning and elegant, newly remodeled 1924 building built with the quaint charm and character of an old schoolhouse building accented with terra cotta. With ample parking and an unbeatable location next to the high-end shopping at Hyde Park Village, sophisticated gathering place at the Oxford Exchange, and James Beard creative eateries such as Edison Lab, Schoolhouse Flats is a rare gem cozily nestled in the Hyde Park boutique lifestyle.
McKinley’s Hyde Park Boutique portfolio is part of its larger Central Florida Multifamily portfolio which extends along the entire Interstate 4 Corridor and includes Daytona Beach, Winter Park, Orlando, Gainesville, Hyde Park, South Tampa, Tampa, Clearwater, North Redington Beach, South Pasadena and Gulfport, Florida. McKinley today is the largest Multifamily owner operator in the region having been in Central Florida actively since 1982.