Embrey Secures $76.2 Million Loan For 354-Unit Multifamily Community In Orlando

The asset involved in this transaction is a multifamily community located at 2210 North Orange Blossom Trail in Orlando, Florida. The property consists of 354 units and is classified as Class A. A construction take-out bridge financing of $76.2 million was arranged by Newmark for the developer Embrey. The community is part of a larger mixed-use redevelopment effort, valued at $700 million, scheduled for completion in 2025.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $76,200,000
• Address: 2210 North Orange Blossom Trail
• Market: Orlando, FL
• Units: 354
• Landlord: Trey Embrey - Embrey
• Broker Representatives: Matthew Williams, Robert Wright, Kyle Schlitt, James Maynard & David Williams - Newmark

This transaction was facilitated by Newmark, with Matthew Williams and Robert Wright leading the financing efforts on behalf of the developer, Embrey. Their collaboration was essential in securing the significant loan for the development project in a mixed-use area near downtown Orlando.