American Landmark has received a $50.7 million conventional Freddie Mac Multifamily loan to refinance Reunion at 400, a 288-unit community located in Kissimmee, FL. Built in 2020, Reunion at 400 is located off SR-429 in Kissimmee approximately five miles south of Walt Disney World and 20 miles southwest of Downtown Orlando.

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

 

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