Third time's a charm for S-G.Sonnenblick-Goldman Company, on behalf of European American Realty (EAR), has arranged $10.25 million in mezzanine financing Mezzanine Financing A hybrid of debt and equity financing. Mezzanine financing is typically used to finance the expansion of existing companies, and it is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the for the acquisition and conversion of Discovery Palms, a 336-unit luxury rental property in Lake Buena Vista, Florida Lake Buena Vista is a city in Orange County, Florida, United States. It is mostly known for being home to the Walt Disney World Resort. The population was 16 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 15. , provided by VEF VEF Vessel Experience Factor VEF Vivre En France (UK French property consultancy) VEF Variable Explanation Format VEF Calibrated Airspeed at which the critical engine of a multi-engine aircraft is assumed to fail (US FAA) Advisors of Atlanta. This is the third transaction in which Sonnenblick-Goldman Company has arranged equity and/or mezzanine capital on EAR's behalf for the acquisition and conversion of luxury rental apartments to condos. "The combined factors of the continuing condominium conversion trend, the strong Orlando residential market, and, of course, a great property, make this an attractive venture for any investor," said Richard B. Swartz, Principal of S-G S-G Space to Ground . |
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