Flournoy Partners Secures $55 Million Refinance For Apex Posner Park Apartments In Davenport

The transaction involves a refinancing of $55 million for Apex Posner Park Apartments, a 314-unit multifamily luxury community located at 5014 Apex Circle in Davenport, Florida. The property, built in 2023, is currently 98.4% occupied and features various amenities such as a saltwater pool, fitness center, and dog park.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $55,000,000
• Address: 5014 Apex Circle
• Market: Davenport
• Units: 314
• Loan Type: Refinance
• Landlord: Jake Flournoy - Flournoy Partners
• Brokers: Jeremy Pino, Livingston Hessam, Carl Passmore & Kyle Miller - Walker & Dunlop

The refinancing was secured through Walker & Dunlop Capital Markets along with an unnamed institutional investor. The property was previously financed by a $41.7 million construction loan from Valley National Bank.