Lourdes Carranza-Alvarez Of Berkadia Secures $65.7M Loan For MultiFamily In Orlando

The Elan Audubon Park is a 449-unit multifamily community located at 990 Warehouse Road in Orlando. The property was acquired for $97.1 million with Berkadia arranging a $65.7 million acquisition loan through Bank of America for the borrower, Harbor Group International. Constructed this year, the community features one-, two- and three-bedroom units with vaulted ceilings, hardwood floors, and in-unit washers and dryers. Amenities include two resort-style pools, a poolside bar, outdoor kitchens, fire pits, a clubhouse, fitness center, game room, dog park, and dog wash station.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $65,700,000.00
• Address: 990 Warehouse Rd, Orlando, FL, 32803
• Market: Orlando
• Borrower's Rep: Lourdes Carranza-Alvarez (Berkadia)
• Lender: Bank Of America - Brian Moynihan

Charles Foschini, Chris Apone, and Lourdes Carranza-Alvarez from Berkadia were instrumental in arranging the loan through Bank of America on behalf of the borrower, Harbor Group International. The property's acquisition was financed with a $65.7 million loan. Brian Moynihan from Bank of America facilitated the lending process, showcasing a collaborative effort in securing the financing for the acquisition of Elan Audubon Park.