Whitestone arranged $6,937,588 in LP equity and $20,230,000 in debt financing for the acquisition of Winter Haven Gardens, a 330-room hotel which will be converted into a 206-unit multifamily property. Winter Haven Gardens is centrally located in Winter Haven, FL, the second fastest growing county in the nation. The plan includes a comprehensive renovation of combining rooms to configure one and two-bedroom apartments to meet the rental market demand.
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