Walker & Dunlop Arranges $56.7 Million Refinance For Cornerstone Group's 360-Unit Orlando Multifamily

The transaction involves a refinance loan for Urbon at Nona Apartments, a multifamily community consisting of 360 units located at 9264 Moss Preserve Parkway in Orlando, Florida. The asset is owned by Cornerstone Group and was constructed in 2022, situated in the rapidly developing Lake Nona submarket. The property features garden-style architecture and extensive amenities catering to resident needs, with notable popularity in the rental market influenced by the area's multifamily growth.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $56,700,000
• Lender: Fannie Mae
• Landlord: Cornerstone Group
• Brokers: Allan Edelson, Jim Murphy, Jeremy Seid, Joe Tarantino & George Ferrer - Walker & Dunlop
• Loan Type: Refinance

Walker & Dunlop facilitated the $56.7 million refinance arrangement, with key representatives including Allan Edelson, Jim Murphy, Jeremy Seid, Joe Tarantino, and George Ferrer. Their involvement highlights the expertise provided by Walker & Dunlop in managing financing solutions for significant multifamily developments in the market.