$24.2 million Bridge Loan to Falcon Square Apartments

ORLANDO - A bridge loan has funding completed to Falcon Square Apartments LLC for the acquisition of Falcon Square, a 379-unit apartment complex. It was a a $24.2 million Bridge loan funded by Canyon Capital Realty Advisors of Los Angeles, Calif.,

This apartment complex is near Walt Disney World in Orlando.

Falcon Square was developed by The Falcone Group, a Boca Raton based developer, and was completed in 2008. .

The apartment community is currently in its final stages of lease-up at 86% occupancy.

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