ORLANDO—In Orlando, it's a perfect storm on the multifamily investor front. Indeed, right-priced apartment buildings from class A to class C are turning investor heads.
The Park at Savino, a 200-unit garden style multifamily complex in Orlando, is proving the appetite is strong and getting stronger. Commercial real estate lender Hunt Mortgage Group secured a $10.2 million Freddie Mac loan to finance the acquisition of a multifamily property on an 11.89-acre site at 1980 Lake Fountain Drive in Orlando.
“Apartment demand in the Orlando area has been strong over the past year and is expected to remain so for the long-term,” says Marc Suarez, senior vice president at Hunt Mortgage Group. FVP NKP Savino, a Florida limited liability company.
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