Orlando Apartment Secures $41M Through Freddie Mac’s Green Advantage Program

The Bentley at Maitland

ORLANDO, FL—NorthMarq’s Orlando-based office recently secured acquisition financing of $41,210,000 for The Bentley at Maitland, a 324-unit multifamily property located here. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower, Enzo Multifamily and Moneil Investments through Freddie Mac’s Green Advantage program.

Melissa Marcolini Quinn, managing director and SVP with NorthMarq, tells GlobeSt.com that the property was built in 1984 and the buyer plans to renovate the remaining units and upgrade various common areas including the fitness center. The seller is Aspen Square Management and the building is 97% occupied.