Cores Real Estate Refinances Orlando Multifamily Asset With $53M Loan

The property involved is a 234-unit multifamily asset located at 13000 Breaking Dawn Drive in Orlando, with a total square footage of 238,938. The asset was refinanced for $53,000,000 by Cores Real Estate, a family office based in Beverly Hills. The loan terms included a 5-year full-term interest-only non-recourse loan with a blended 6.72% fixed rate, executed within 30 days.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $53,000,000
• Units: 234
• Square Footage: 238,938
• Address: 13000 Breaking Dawn Drive, Orlando
• Market: Orlando

Nina Russo from Meridian Capital Group represented Cores Real Estate in securing the refinancing deal for the multifamily asset in Orlando. The loan was a balance sheet execution involving an A & B note blended to a fixed rate over 5 years with full-term interest only, ensuring a smooth and efficient financing process for the asset.