Beachwold Residential LLC has received an acquisition loan to fund the purchase of an Orlando apartment community, Avisa Lakes.
The five-year loan is through Freddie Mac and is being serviced by JLL, which closed the $50 million sale and $35 million in financing.
Avisa Lakes sits on 22.4 acres and is located at 7960 Pine Crossing Circle. The garden-style community offers 16 residential buildings with 292 units, as options range from one-to-two bedrooms, averaging out to 850 square feet a piece. Amenities included are a playground, a pool, a game room, a fitness center, a business center, a couple of dog parks, a clubhouse, and a soccer court. The community is 96 percent leased.
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