FINANCED
Cores Management Secures $37.5M Refinancing For Azul Baldwin Park In Orlando
4460 Lower Park Road
MultiFamily
Financed 325 days ago
Summary
Loan
FLORIDA
MultiFamily
Cores Management has secured a $37.5 million refinancing deal for the luxury community Azul Baldwin Park in Orlando. The five-year fixed rate loan arranged by Avison Young replaces a previous loan, offering improved interest cap rates for the property with a consistent 95% occupancy rate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $37,500,000
- Units: 178
- Address: 4460 Lower Park Road, Orlando
The deal's brokers, Jay Maddox, Peter Sherman, and George Vail, representing Avison Young, played a crucial role in arranging the refinancing for Azul Baldwin Park.
Players
All
4
Agents
3
Agencies
1
Details
FINANCED
IMAGE: Peter Sherman, George Vail & Jay Maddox
DATE: 06/13/2023
ADDRESS: 4460 Lower Park Road
MARKET: Orlando
ASSET TYPE: Multifamily ~ UNITS: 178
LANDLORD: Cores Management
BROKERS: Jay Maddox, Peter Sherman & George Vail - Avison Young
LOAN AMOUNT: $37,500,000
LOAN TYPE: Refinance
LOAN TERMS: non-recourse, five-year fixed rate
NOTE: Cores Management has secured a $37.5 million refinancing deal for the luxury community Azul Baldwin Park in Orlando. The five-year fixed rate loan arranged by Avison Young replaces a previous loan, offering improved interest cap rates for the property with a consistent 95% occupancy rate.View on map
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Address4460 Lower Park Road
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