McKinley Secures Long Term Financing for Hyde Park Multifamily CommunitiesJanuary 24, 2018
Hyde Park, Tampa, Florida - The McKinley Companies announced today the closing of a long-term financing facility with Comerica Bank, N.A. for Addison Flats, Estancia Flats, Miramar Flats & Village Flats. These four communities are part of the McKinley Hyde Park boutique collection of unique and historic apartment communities located in Hyde Park, Downtown Tampa, Florida.
Addison Flats offers the perfect balance of thoughtfully restored historic architecture with sophisticated and spacious ultra-luxury finishes situated on Azeele Street, a quaint brick road neighborhood with well-established homes blocks away from Bayshore Blvd, Tampa General Hospital and Downtown Tampa.
Estancia Flats redesigned in the spirit of historic art deco elegance offers residents stylish living on San Pedro Street nestled in the highly sought-after Palma Ceia neighborhood within walking distance to local eateries and direct access to Bay to Bay Blvd and the Selmon Expressway.
Miramar Flats offers eclectic bohemian-style bungalows with a secluded and calm ambience with contemporary interiors on San Juan St. This gem is tucked away in the highly sought-after Palma Ceia neighborhood moments away from Bayshore Blvd.
Village Flats with a view of Bayshore Blvd and located on the iconic Rome Avenue bolsters one of the most coveted corners in all of Hyde Park. With restored interiors and charming historic architecture, Village Flats residents enjoy extravagant living in a premier setting at the doorstep of Hyde Park Village and classy restaurants such as Bern’s Steakhouse.
McKinley today is the largest owner-operator of multifamily apartments in the Hyde Park market, spanning a total of 26 communities located throughout Hyde Park, South Tampa and the Westshore Marina District. Comerica Bank has a long-term relationship with McKinley, and has supported McKinley throughout its growth in Hyde Park and continues to do so with the closing of this most important long-term financing. “Comerica comes through once again on this long-term facility for these very special communities we own in Hyde Park,” offered Jim Willett, Senior Vice President & Managing Director – Finance. “They understand our needs and they work very hard to make things happen for us, we are thrilled with this outcome,” added Willett.
McKinley has owned and operated multifamily apartment communities in Central Florida since 1982, and today is largest Multifamily owner-operator along the highly populated Interstate-4 Corridor between Orlando and Tampa. McKinley currently owns apartment communities in Orlando, Winter Park, Daytona Beach, Gainesville, North Reddington Beach, South Pasadena, Clearwater, Gulfport, Hyde Park, South Tampa and Tampa.