Freddie Mac Provides $62.94 Million Refinance Loan For Multifamily Asset In Orlando

The property asset involved in this transaction is a 2022-vintage high-rise multifamily building located at 355 North Rosalind Avenue in Orlando. This asset comprises 389 units and is associated with a refinance loan amounting to $62,942,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $62,942,000
• Loan Type: Refinance
• Loan Terms: 10 Years Fixed, 5.31%, 7 Years Interest Only
• Lender: Freddie Mac
• Brokers: Jeffrey Eliason & Leland Ortega - Highland Realty Capital

The deal was facilitated by brokers Jeffrey Eliason and Leland Ortega from Highland Realty Capital. They arranged maximum leverage agency financing for the property, which included a 35-year amortization schedule and a 10-year term. Highland also advised their client to lock in the index at a critical market point following a weak jobs report in early August.