Multifamily news in Affordable Housing - Orlando
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Jacksonville, Orlando Communities Trade for $72M
JLL provided more than $52 million in Freddie Mac acquisition financing for the 544-unit portfolio.
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Wendover Opens Central Florida’s First Permanent Supportive Housing
The company broke ground on the 81-unit development last June, financing the construction with Florida Housing Finance Corp. programs.
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Orlando Affordable Community Opens
The property’s 166 units cater to residents earning 60 percent or less of the area’s median income and to formerly homeless households.
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Avanath Buys 288-Unit Orlando Community
The property, subject to a Land Use Restrictive Agreement, is the first acquisition for the company's fourth affordable housing fund.
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Top 10 Florida Multifamily Completions in 2018
Almost 33,000 units were added to Florida’s multifamily markets last year, 1,300 more than the year before, with major developments completed in each of the state’s key metro areas.
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Lincoln Avenue Expands Orlando Footprint
The firm paid more than $6 million for the 121-unit fully affordable multifamily asset, with SunTrust Bank providing acquisition financing.
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Top 10 Tallest Residential Properties in Orlando
According to Yardi Matrix, the assets are clustered in the downtown area, with the largest reaching 32 stories.
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Ability Housing Breaks Ground on Orlando Affordable Property
Village on Mercy includes 166 units and will be restricted to residents earning 60 percent or less of the area’s median income. Construction is expected to take 18 months.
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Starwood to Buy $600M FL Affordable Housing Portfolio
The company plans to acquire some 6,185 units through this deal. Due to timing of regulatory approvals and the assumption of in-place financing, the transaction is expected to close in phases.
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$9M Affordable Conversion Breaks Ground in FL
The $8.8 million renovation of the Wayne Densch Center located in Orlando will transform 64 units of transitional housing to 77 high-quality apartments.
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Affordable Orlando Property Receives $17M HUD Loan
Dougherty Mortgage arranged the financing for Landon Pointe Apartments, a 276-unit community managed by Dominium. The transaction involved the re-syndication of an existing LIHTC project.
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Orlando Affordable Housing Scores $20M Refi
Berkeley Point Capital arranged financing for Sand Lake Pointe Apartments, a 312-unit property. The loan was securitized with Ginnie Mae on a 35-year fully amortizing term.
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Affordable FL Community Lands $7M Financing
Walker & Dunlop arranged a 35-year loan for William Booth Towers, a 168-unit, age-restricted property west of Orlando’s central business district.
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Wendover Housing Announces Affordable FL Community
Construction on the development will be completed in November 2017.
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Pembrook Secures Financing for 320-Unit Orlando Asset
Over the next two years, the property will undergo both interior and exterior renovations.