Dealmaker: NewPoint Real Estate Capital Provides $50.7 Million in Freddie Mac Financing for Florida Multifamily

NewPoint Real Estate Capital, Plano, Texas, provided a $50.7 conventional Freddie Mac Multifamily loan on behalf of an affiliate of American Landmark LLC to refinance Reunion at 400, a 288-unit community in Kissimmee, Fla.

The 10-year fixed-rate loan was originated by NewPoint Senior Managing Director Marc Cesare and features six years of interest-only payments. Loan proceeds were used to pay off a bridge loan set to mature in June 2023.

Built in 2020, Reunion at 400 is located off SR-429 in Kissimmee five miles south of Walt Disney World and 20 miles southwest of Downtown Orlando. The community features one-, two- and three-bedroom apartments with luxury finishes and screened balconies/solariums in select units. An amenity package includes a swimming pool, outdoor kitchen with grilling stations, 24-hour fitness center with a yoga studio and smart fitness mirrors, a pet park, clubhouse, package lockers, storage units, electric vehicle charging stations and detached garages.

“We utilized an Index Lock to provide American Landmark – a seasoned Freddie Mac select sponsor – with the ability to secure advantageous pricing during a particularly volatile 60-day period for Treasuries,” Cesare said. “With fixed debt service costs and one of the best operators in the business, this premier asset is now poised to generate strong returns while serving as an attractive option for the Orlando area’s working professionals and families.”

American Landmark is one of the fastest-growing multifamily owner-operators in the United States with a focus on the Sun Belt. The company manages more than $5 billion in multifamily properties; its portfolio consists of nearly 30,000 units.