Cores Management Secures $37.5M Refinancing For Azul Baldwin Park In Orlando

4460 Lower Park Rd Orlando, FL 32814, USA

$37,500,000

Building Size

—

Asset Type

MultiFamily

Closing

Jun 13, 2023

AI

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.

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