$105.7 Mil in Financing Arranged for Orlando Area Properties

ORLANDO- Financing of $105.7 million in permanent and construction loans has been arranged for four class A multifamily developments in the Orlando area. “The market has the highest degree of demand for class A properties,” Mark Findura, president and partner of R.J. Twitty & Co. II, the Florida-based mortgage banking company that arranged the financing, tells GlobeSt.com.

The financing package includes permanent loans for the Alexan at Maitland Crossing, the Alexan at Legacy Dunes and the Legacy at Fort Clark. That financing was arranged with Orlando-based Primary Capital Advisors, a Freddie Mac Program Plus lender.

The interest rates for the loans ranged from 5.5% for six-year terms, 5.75% for seven-year terms to 6.25% for a 10-year term. Each loan was based on 80% LTV.