HFF places $15.6 million loan for St. Petersburg high-rise apartment

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HFF has placed a $15.6 million loan with Freddie Mac for the Skyline Fifth luxury high-rise apartment building in St. Petersburg, the company announced today. HFF worked on behalf of borrower Altis to secure a 10-year loan, which was used to acquire the property. Skyline Fifth is located at 441 33rd Street North near St. Pete Beach. It was first built in 1962 and completely renovated in 2009. It’s currently 97 percent leased. HFF’s Elliott Throne and Manny de Zarraga represented Altis. –Alexander Britell