Dealmaker: Walker & Dunlop Arranges $55M Refinance for Central Florida Multifamily

(Property photo credit: Flournoy Partners)

Walker & Dunlop, Bethesda, Md. arranged $55 million to refinance Apex Posner Park Apartments in Davenport, Fla.

A capital markets led by Jeremy Pino, Livingston Hessam, Carl Passmore and Kyle Miller refinanced the loan on behalf of Flournoy Partners, Columbus, Ga. The team secured the bridge loan from an institutional lender.

Apex Posner Park Apartments is a high-density luxury community in Davenport, approximately 10 miles from Disney World and 25 miles southwest of downtown Orlando.

W&D Capital Markets delivered a structured bridge financing solution that refinanced the original construction capital stack. Proceeds exceeded 70% loan-to-value.

“Liquidity and attractive capital remain available for well-located, high-performing assets, even in submarkets experiencing elevated supply,” noted Carl Passmore, director of debt and structured finance at Walker & Dunlop.