Banesco USA and ABANCA USA Announce $28.6 Million Loan to Parmenter Realty Partners for Tampa's Rocky Point Centre

Banesco USA has partnered with ABANCA USA to close on a $28.6 million loan to Parmenter Realty Partners to refinance Rocky Point Centre, a magnificent 190,000 square foot Class-A office building located in Tampa's Rocky Point Island micro market. The site is only four minutes from Tampa International Airport and situated near the popular Westshore Business District.

"Banesco USA's partnership with ABANCA USA to finance this loan will make a crucial impact to this area of Tampa," said Calixto (Cali) Garcia-Velez, President & CEO of Banesco USA. "It will showcase Tampa's wonderful quality of life and continued Business District growth."

"In a challenging environment, we were able to work extremely efficiently with the teams at Banesco USA and ABANCA USA to execute on the refinance at Rocky Point Centre," said Michael Holmes, Chief Operating Officer at Parmenter Realty Partners.  "This new loan enables us to continue to build asset value at Rocky Point Centre through additional building upgrades and new leasing in the improving Tampa office market."

Parmenter Realty Partners is a developer of high-profile real estate assets, owning and operating quality office properties in targeted markets. Banesco USA's team of lending experts specialize in commercial real estate loans to purchase space, refinance existing loans, or expand real estate investment portfolios, as well as other types of lending transactions. Banesco USA's team of lending experts focus on commercial real estate loans to purchase space, refinance existing loans, or expand real estate investment portfolios.

Photo: Parmenter Realty Partners

View Rocky Point Centre >>