Freddie Mac Provides $62.94 Million Refinance Loan For Multifamily Asset In Orlando
Florida
See Similar DealsFreddie Mac Provides $62.94 Million Refinance Loan For Multifamily Asset In Orlando
355 North Rosalind Avenue
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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.
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