Starka Property Management
Starka Property Management – Starka Properties has secured $21 million in financing for a multifamily property in central Florida, Commercial Observer reports.
Bravo Capital provided the bridge loan for Starka’s Osprey Landing property in Daytona Beach, Fla., and Aaron Kravitz, principal at Bravo, arranged the financing.
Starka Property Management
Located at 1756 South Clyde Morris Blvd., Osprey Landing consists of 108 units. Its amenities include a 24-hour fitness center, basketball court, shuffleboard court, grilling stations, swimming pool, business center and dog park.
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Manhattan-based Bravo also recently closed a deal to supply a $13 million bridge loan for Starka’s 62-unit Casa De La Rosa apartment building in St. Petersburg, Florida.
“We were very excited about these stellar sponsors and elite facilities in wonderful locations,” said Kravitz. “We are fortunate to have a deep bridge bench and [U.S. Department of Housing and Communal Economy] specialists who are trusted by regular customers and rely on their experience.”
Over the past month, the lender has completed more than $100 million in bridge financing, including $23 million in debt for developer Joel Jacob’s new mixed-use facility at 1620 New York Avenue in Brooklyn’s East Flatbush neighborhood.
1756 South Clyde Morris Boulevard, Aaron Krawitz, Bravo Capital, Joel Jacob, Osprey Landing, Starka Properties, US Department of Housing and Urban Development
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