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Angelo & Banta Law Firm closes $32 million credit facility for Gate Parkway Investors, LLC

FT. LAUDERDALE – The firm’s managing shareholder, Thomas P. Angelo, partner, David F. Hanley, and associate, Philip M. Hanaka of Angelo & Banta, P.A. recently represented LaSalle Bank National Association in closing a $14.5 million acquisition and development loan, and a $17.5 million construction loan, for a total credit facility of $32 million, to Gate Parkway Investors, LLC to finance the acquisition, development and construction of Gate Parkway West in Jacksonville. Eduardo Avila executed the loan documents on behalf of Gate Parkway Investors, LLC.

Gate Parkway Investors, LLC intends to construct a 22-building, 344-unit mixed-use development located at Gate Parkway Extension in Jacksonville, Florida. The developer was represented by Neil S. Rollnick, Esq. of Adorno & Yoss in Miami.